The Enforcement Directorate has attached ₹94.76 crore held in Singapore bank accounts in its money laundering investigation into the alleged ₹1,201.85 crore Amira Pure Foods bank fraud. The attachment was carried out through international legal cooperation, while the investigation under the PMLA remains ongoing.
ED Targets Singapore Bank Accounts in Amira Foods Case, ₹94.76 Crore Frozen in Major Crackdown
As part of its money laundering investigation into alleged ₹1,201.85 crore bank fraud, the Enforcement Directorate has attached bank accounts in Singapore containing ₹94.76 crore for Amira Pure Foods Private Limited.
The Enforcement Directorate (ED) has provisionally attached foreign bank balances worth ₹94.76 crore held at the Bank of Singapore in the Amira Pure Foods money laundering case. The funds are attached to Amira Pure Foods Private Limited, its former executives and associated entities as part of an ongoing investigation into an alleged large-scale bank fraud, the agency said.
The ED said the attached funds are in the name of Karan Chanana, Amira Foods Pte. Ltd. and Ananntya Pte. Ltd. The attachment was carried out through the Mutual Legal Assistance Treaty (MLAT) mechanism with the United Kingdom and Singapore and other legal channels available. The latest development is part of the agency’s larger probe under the Prevention of Money Laundering Act (PMLA).
Amira Pure Foods case centres on alleged ₹1,201.85 crore bank fraud
The Enforcement Directorate said the probe was initiated based on a First Information Report (FIR) filed by the Central Bureau of Investigation (CBI). The agency has alleged that Amira Pure Foods Private Limited, through its directors, promoters, employees and other associates, fraudulently siphoned and diverted loan funds.
The company and its officials have been accused of criminal misappropriation, criminal breach of trust, cheating and diversion of funds causing wrongful loss of about ₹1,201.85 crore to a consortium of lenders led by Canara Bank, investigators alleged. The allegations are part of an ongoing legal process.
Amira Foods Group was engaged in the manufacturing and selling of branded packaged food products, primarily Indian basmati rice. The company's loan accounts were classified as non-performing assets (NPAs) in 2007, which drew the attention of financial institutions and investigative agencies, said investigators.
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ED names Karan Chanana and Anita Daing in prosecution
The Enforcement Directorate said it had already filed a prosecution complaint against 21 individuals and entities accused in the case. Earlier, in the course of investigation, the agency had provisionally attached assets worth approximately ₹ 131.51 crore in its earlier stages.
The ED said investigations under the Fugitive Economic Offenders Act also found that Karan A. Chanana and Anita Daing had left India and settled in the United Kingdom and the United Arab Emirates, respectively. The two, it is alleged, did not return to India despite legal proceedings and issuance of non-bailable warrants, the agency said.
The agency later approached a special Delhi court for declaring Karan Chanana, the former Chairman-cum-Managing Director of the company, and Anita Daing, the former Whole-Time Director of the company, as fugitive economic offenders and sought confiscation of their immovable properties and those of their associates.
Court orders confiscation of properties linked to accused
On February 6, the special court declared Karan Chanana and Anita Daing as fugitive economic offenders under the law. The court also ordered confiscation of 46 immovable properties worth around ₹123 crore in Karnal and Faridabad, Haryana.
The latest attachment of foreign bank balances is another step in the Enforcement Directorate’s bid to trace and secure assets allegedly linked to the suspected proceeds of crime. The authorities continue to pursue legal proceedings against the accused, and are cooperating with international jurisdictions through the existing mutual legal assistance mechanisms.
The ultimate legal status of the attached assets and allegations will be determined by the prosecution and related court proceedings, and investigations will continue to evolve. Sprouts News will continue to follow official developments in the Amira Pure Foods case as they become available.





















