ED attaches 3 Delhi hotels worth ₹100 cr in PMC Bank fraud case

The ED has attached three hotels of the FabHotels group, worth around ₹100 crore, in Delhi in the PMC Bank fraud case. The three hotels are owned by Libra Realtors, Dewan Realtors, Rakesh Wadhawan and others. It was found that Libra Realtors and Dewan Realtors fraudulently obtained ₹247 crore from PMC Bank in the guise of loans, the agency said.