Daijiworld Media Network - New Delhi

New Delhi, Nov 18: The Enforcement Directorate’s Bhopal Zonal Office has provisionally seized nine premium real estate assets in Dubai, invoking provisions of the Prevention of Money Laundering Act (PMLA), 2002. These luxurious apartments and commercial units, collectively valued at Rs 51.70 crore, were traced to the proceeds of an extensive bank fraud.

According to the agency, the assets are linked to a massive Rs 1,266.63-crore fraud involving Advantage Overseas Private Limited (AOPL), its directors, guarantors, and key individuals, foremost among them Shrikant Bhasi, the company’s significant beneficial owner. The losses were incurred by the State Bank of India’s Shahpura Branch.

Investigators found that the Dubai properties—located across Centur

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