ED attaches 9 luxury Dubai properties worth Rs 51.7 cr; linked to bank fraud
The Enforcement Directorate has seized nine luxury properties in Dubai valued at over Rs 51 crore. These assets are linked to a massive Rs 1,266 crore fraud against the State Bank of India. The fraud allegedly involves Advantage Overseas Private Limited and its owner Shrikant Bhasi. Funds were siphoned off through shell companies and used to acquire these foreign assets.
The Enforcement Directorate has seized nine luxury properties in Dubai valued at over Rs 51 crore. These assets are linked to a massive Rs 1,266 crore fraud against the State Bank of India. The fraud allegedly involves Advantage Overseas Private Limited and its owner Shrikant Bhasi. Funds were siphoned off through shell companies and used to acquire these foreign assets.
