The company launched an investigation based mostly on a lawsuit registered by the Central Investigation Bureau, alleging financial institution mortgage fraud by the corporate via administrators, promoters, workers and others. File | Photograph Credit score: Reuters
The Govt Workplace (ED) has moved via the Particular Court docket in Delhi, as Chairman and Managing Director Karan A. Chanana, and his thorough director Anitading, tried to declare a fugitive financial prison. Chanana is presently suspected of being in the USA, and is Daring of the United Arab Emirates.
The company stated on Friday (August 29, 2025) that the court docket has accepted an utility to declare a fugitive financial offender and launch a lawsuit to confiscate belongings price 131 crores. The discover is issued below part 10(4) of the Fugitive Financial Felony Act.
“Amira Meals Group is within the manufacturing and gross sales enterprise of branded packaged meals, notably India’s Basmati Rice, and was benefiting from financial institution loans/money credit score loans of round 1,201.85 crore from a consortium of banks led by Kanara Financial institution.”
The ED launched an investigation based mostly on a lawsuit registered by the Central Investigation Bureau, alleging financial institution mortgage fraud by the corporate via administrators, promoters, workers and others. He additionally filed prosecutor’s complaints towards 21 individuals, companies, entities and attachments price 131.51 crore.
