💨 Abstract

The Enforcement Directorate has seized diamond and gold jewellery worth Rs 85 lakh and Rs 25 lakh in cash during searches against a Bhopal-based automobile company, Excel Vehicle Pvt. Ltd., in a multi-crore bank loan fraud linked money laundering case. The company allegedly diverted funds, causing a loss of Rs 44 crore to the Bank of India.

Courtesy: theprint.in

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