Bhubaneswar: The Enforcement Directorate (ED) conducted multi-state searches across Odisha, Delhi, Uttarakhand and Punjab, and seized incriminating documents in connection with a Rs 73 crore bank loan fraud involving a private company, an official said on Monday.

During the search operations by ED's Bhubaneswar zonal unit, various incriminating documents and documents related to property worth several crores of rupees were recovered and seized in the case against S R Alcobev Private Limited and others, the official said in a statement.

The search operations on October 29 were conducted under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.

S R Alcobev Private Limited and others allegedly duped the Punjab National Bank and Indian Bank (erstwhile Allahabad Bank) of R

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