New Delhi, Aug. 6 -- The Enforcement Directorate (ED) on Thursday said it has provisionally attached immovable properties having a total value of Rs 51.28 crore (having a market value of Rs 150 crore and more) in a case related to bank fraud, diversion and siphoning of loan funds.

The properties were attached under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in the case related to bank fraud, diversion and siphoning of loan funds by Deepak Cable (India) Ltd (DCIL), its Managing Director K Venkateshwara Rao, Director Satyavathy Ball, and their associated entities.

ED's Bengaluru Zonal Office attached the immovable properties based on its ongoing case initiated on the basis of a First Information Report (FIR) re...