Enforcement Directorate examines Edelweiss ARC investment in Kohinoor group

The Enforcement Directorate (ED) is examining an investment of Rs 450 crore made by Edelweiss Asset Reconstruction Company (ARC) in Kohinoor CTNL Infrastructure. This is part of the ED probe into alleged irregularities in awarding loans and investment made in the real estate firm by beleaguered Infrastructure Leasing & Financial Services (IL&FS).  The ED had called ARC executive (project manager) four days back to understand the deal structure, rationale behind the steep haircut from banks and also the status of a residential-cum-commercial project Kohinoor Square Tower, at Dadar, M.....

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