High-stakes Bank Fraud: ED Arrests Amira Directors Amid Global Investigation

The Enforcement Directorate arrested two directors of Amira Pure Foods in a Rs 1,200 crore bank-loan fraud case linked to Canara Bank. A special Delhi court placed them in custody. Investigation follows a 2020 CBI FIR. Key figures are absconding. Global asset investigations continue.

The Enforcement Directorate (ED) has detained two directors of a Delhi-based rice company, under anti-money laundering charges, in connection with a massive Rs 1,200 crore bank-loan fraud case involving several banks led by Canara Bank.

Aparna Puri and Rahul Sood, senior executives at Amira Pure Foods Private Limited, were apprehended on October 8. They will remain in the agency's custody until October 11, as ordered by a special court handling Prevention of Money Laundering Act cases in Delhi.

The case traces back to a 2020 FIR by the Central Bureau of Investigation (CBI), which named several individuals and entities in allegations of fraud, criminal breach of trust, and cheating, causing a loss of Rs 1,201.85 crore. Key suspects have fled the country as investigations into assets in the UK and UAE proceed.

(With inputs from agencies.)