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State vs Surana Group — Bank fraud case

The Enforcement Directorate is investigating the Chennai-based Surana Group for an alleged bank fraud exceeding Rs 3,986 crore involving a web of shell companies. Following the arrest of four individuals on 15 July 2022, the agency attached assets valued at Rs 248.98 crore and Rs 124 crore as reported on 1 June 2023. The matter is before the court, which denied bail to accused Rahul Dinesh Surana as reported on 21 October 2022.