Based on the FIR registered by CBI in connection with the Bank Fraud Case, ED initiated action against Best & Crompton Engineering Pvt Ltd (BCEPL) and their Officials for criminal conspiracy between 2010-13. to cheat Central Bank of India, Corporation Bank and Andhra Bank to the tune of Rs 364 crore.
BCEPL is a part of Sujana Group of Companies. Searches were conducted in the properties owned by BCEPL Officials in multiple cities. Several key documents and electronic devices were seized. As many as 124 rubber stamps of various companies of Sujana Group were seized during the raid at Sujana Group Office in Nagarjuna Hills, Punjagutta.
Viceroy Hotels owes Rs 315 crore to Mahal Hotels. The properties of Viceroy Hotels worth Rs 315 crore were attached by the Enforcement Directorate.