The Enforcement Directorate (ED) has moved a particular court docket in Delhi in search of to have Karan A. Chanana, chairman and managing director of Amira Pure Foods Private Limited, and its whole-time director Anita Daing declared fugitive financial offenders. Mr. Chanana is at present suspected to be within the United States, and Ms. Daing within the United Arab Emirates.
The company on Friday (August 29, 2025) mentioned the court docket had accepted its utility to provoke proceedings for declaring them fugitive financial offenders and for confiscating belongings value ₹131 crore. Notices have additionally been issued below Section 10(4) of the Fugitive Economic Offenders Act.
“Amira Foods Group was in the business of manufacturing and selling branded packaged food, especially Indian basmati rice, and had availed bank loans/cash credit loans to the tune of approximately ₹1,201.85 crore from a consortium of banks led by Canara Bank,” the company mentioned, including that the mortgage account turned non-performing in 2017.
The ED initiated its probe primarily based on a case registered by the Central Bureau of Investigation, alleging financial institution mortgage fraud by the corporate by its administrators, promoters, staff and others. It has additionally filed a prosecution criticism in opposition to 21 individuals, corporations and entities, and connected properties value ₹131.51 crore, which has since been confirmed by the Adjudicating Authority below the Prevention of Money Laundering Act.
