New Delhi Sep 30 PTI The Enforcement Directorate ED has attached assets worth over Rs 145 crore of a Bengaluru-based spices company in a money laundering probe linked to an alleged loan fraud in the JK BankThe agency said in a statement issued on Wednesday that a factory building shops flats and lands of the company S A Rawther Spices Pvt Ltd and others were provisionally attached under the Prevention of Money Laundering Act PMLAThe total value of the attached properties is Rs 14526 crore it said The ED case stems from an FIR filed by the anti-corruption bureau of the J-K Police against the company and its promoter director Syed Anish Rawther the then manager of JK Bank branch located at BU Infantry Road in Bengaluru and other officials of the same bank in August 2019In the FIR it was alleged that S A Rawther Spices Pvt Ltd defaulted loan and was declared NPA non performing asset in September 2017Net amount of Rs 28581 crore was outstanding with the company besides unapplied interest of Rs 6691 crore against mortgaged collateral property of Rs 171 crore the ED said in a statementDuring the same period it said the firm also borrowed Rs 165 crore from HDFC Bank and Rs 25 crore from RBL Bank and mortgaged the same property which was already mortgaged with JK Bank Ltd The then branch manager of JK Bank in connivance with promoterdirector of the company caused loss to the state exchequer to the tune of Rs 35272 crore the agency claimedThe company obtained multiple loans and used them to export goods mostly to related parties and the export proceeds were never realised in India it claimedThe company also diverted the funds to sistergroup concerns by adjustment of their overdue export bills by releasing fresh packing credit Inland Letters of Credit ILC towards dealings with sister concerns by way of accommodation of bills under garb of ILC It was found that S A Rawther Spices Pvt Ltd has availed packing credit loans from JK Bank and used the same for servicing instalments towards term loan account of Central Trade Agency Pvt Ltd which is a sister concern of the former company it said PTI NES DV DV