New Delhi, July 29 -- The Enforcement Directorate (ED) has frozen mutual fund investments worth nearly Rs 160 crore belonging to one accused LB Singh and seized unaccounted cash amounting to Rs 1.02 crore during searches at premises in Jharkhand's Dhanbad in connection with cases related to illegal coal mining, coal smuggling, extortion and other alleged illegal activities, an official statement said.

The searches were conducted under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. The premises covered are associates/relatives/entities of the above-mentioned persons and their directors (of entities), including Ganesh Yadav, Pappu Mandal, Rohit Yadav, Madho Singh, etc, ED said.

ED said it initiated an investigation...