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ED seizes assets worth Rs 293.91 cr of ex-chairman of Tamil Nadu Mercantile Bank MGM Maran

New Delhi [India], December 28 (ANI): The Enforcement Directorate (ED) seized assets worth Rs 293.91 crore of Nesamanimaran Muthu alias MGM Maran, former chairman of Tamilnadu Mercantile Bank Limited on Tuesday.
The federal agency seized the property under the provisions of the Foreign Exchange Management Act (FEMA), 1999. The seized assets are in the form of shareholdings in four Indian Companies– Southern Agrifurane In