Kolkata, Jan 31 (PTI) The Enforcement Directorate (ED) on Thursday raided the premises of a businessman in the city. Also Read - ALA vs RM Dream11 Team Tips And Predictions, La Liga: Football Prediction Tips For Today’s Alaves vs Real Madrid on January 24, Sunday

ED sources said that the businessman, Nilesh Parekh had allegedly duped nationalised and private banks of Rs 2600 crore. Also Read - Loyal Dog Waits 6 Days Outside Hospital For Owner Undergoing Treatment to Come Back | WATCH

He used to borrow money from these banks for manufacturing jewellery meant for exports and never repaid them. Also Read - List of People NOT Invited to Varun Dhawan-Natasha Dalal's Wedding in Alibaug on Sunday

The sources said that ED would attach assets of the businessman. PTI dc

This is published unedited from the PTI feed.