The Enforcement Directorate (ED) on Thursday raided the premises of a businessman in the city.
ED sources said that the businessman, Nilesh Parekh had allegedly duped nationalised and private banks of Rs 2600 crore.
He used to borrow money from these banks for manufacturing jewellery meant for exports and never repaid them.
The sources said that ED would attach assets of the businessman.
Disclaimer: No Business Standard Journalist was involved in creation of this content