ED Seizes ₹12.20 Crore Jewellery, Cash In Alleged ₹160.55-Crore Bilpower Loan Fraud Probe

The Enforcement Directorate searched seven premises and three bank lockers in Mumbai and Vadodara as part of a money-laundering probe into an alleged Rs 160.55-crore Bilpower loan fraud. The agency seized jewellery worth around Rs 12.20 crore and Rs 43.90 lakh in cash, besides freezing two bank accounts and three lockers.