The ED has taken a big step in the Rs 1200 crore bank scam. Karan A., Chairman and Managing Director of Amira Pure Foods Private Limited from Gurugram Zonal Office. An application was given against Chanana and director Anita Theang in the Rousse Avenue Court of Delhi.
The court has approved this application and now the process of declaring both of them as a fugitive economic criminal has started. The ED had demanded from the court that both the accused should be declared absconding economic criminal and their movable and immovable property should be confiscated.
Loan of 1201.85 crores from different banks
The court issued a notice on 18 July 2025, consenting on the ED application. Amira Foods Group, who used to do business of basmati rice and packaged food, took a loan of about Rs 1201.85 crore from different banks. The biggest stake in this was that of Canara Bank, but in the year 2017 this loan was declared NPA (Non Performing Asset).
After this, the CBI registered a case. Investigation revealed that instead of using the money received from the banks, the director, promoters and employees of the company roamed around and made a mess. Due to this, banks lost crores of rupees.
ED charge sheet against 21 people
The ED investigation made it clear that the director and promoters of the company made money laundering and took out the money from the bank. In this case, the ED has so far filed a charge sheet against 21 people and companies. During the investigation, the ED also attached assets worth about Rs 131.51 crore.
The ED report revealed that Karan A. Channa is currently living in UK and Anita Theang is living in UAE. Both have not returned to India for a long time and have been avoiding court action. The court has issued non-bailable warrant and lookout notice against both. Now ED is intensifying the process of declaring them to be Fusitive Economic Offenders and seizing their properties. The ED has said that further investigation of the case is going on.
Also read:- ‘Fought against Congress’s vote theft, now CM is’, BJP’s stake on Siddaramaiah’s visit to Bihar