Enforcement Directorate Attaches REI Agro Assets Worth Rs 480 Crore
REI Agro claims to be the world’s larget basmati rice processing firm. (Photographer: Prashanth Vishwanathan/Bloomberg)

Enforcement Directorate Attaches REI Agro Assets Worth Rs 480 Crore

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The Enforcement Directorate has attached basmati rice maker REI Agro Ltd.’s assets worth over Rs 480 crore in connection with a bank fraud case, the central investigating agency said on Thursday.

The Enforcement Directorate has issued a provisional attachment order under the Prevention of Money Laundering Act, 2010 against REI Agro, it said in a statement.

The attachment worth Rs 481.04 crore includes land parcel for a plant, machinery for a rice mill unit, office space and wind farms owned by the firm.

A money laundering case was registered against the company in 2016. The amount of money laundered in the REI Agro bank fraud case stands at Rs 3,871.71 crore.

REI Agro claims to be the world’s largest basmati rice processing firm.

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