ED attaches properties worth Rs 483 crore of Tayal Group

The Enforcement Directorate (ED) has attached immovable properties worth Rs 483 crore of Mumbai-based KSL and Industries Ltd for allegedly fraudulently availing loans worth Rs 524 crore from Bank of India and Andhra Bank in 2008, the agency said on Tuesday. KSL and Industries Ltd is a firm of Tayal Group, which is promoted by the family of industrialist Pravin Kumar Tayal, the ED said and added that the attached properties comprise 270,374 commercially diverted square feet of land as well as a shopping mall in Nagpur.