Karvy Scam: ED attaches assets worth ₹110 crore under PMLA

The money-laundering case was filed based on FIRs by the Hyderabad Police on the complaints of lending banks who alleged the Karvy Group had availed large amounts of loans by illegally pledging their clients' shares worth about ₹2,800 crore and the said loans have become non-performing asset (NPA) after the release of the client's securities as per the orders of NSE and Sebi.

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