The Enforcement Directorate ( ED ) has attached nine high-value properties in Dubai under the Prevention of Money Laundering Act (PMLA) in connection with a major bank fraud case involving the State Bank of India (SBI).

The attached assets, valued at Rs 51.70 crore, include luxury apartments and commercial buildings located in Centurion Residence – Dubai Investment Park Second, Dubai Silicon Oasis, Liwa Heights (Al Thanyah Fifth), Business Bay, and World Trade Centre Residences.

The investigation centres on Advantage Overseas Private Limited (AOPL), its directors, guarantors, and related entities, including its main director and significant beneficial owner, Shrikant Bhasi. The alleged bank fraud caused a wrongful loss of Rs 1,266.63 crore to SBI’s Shahpura branch in Bhopal. The ED s

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