New Delhi, Oct. 19 -- The Enforcement Directorate on Monday said it has frozen Rs 200 crores in trading accounts during searches carried out at 29 premises across Maharashtra and Gujarat in connection with the alleged "pump and dump" share manipulation scam involving certain companies.

The raids were carried out on October 16 in Maharashtra's Mumbai and Nashik, and Gujarat's Ahmedabad, Gandhinagar, Surat and Bhavnagar under the PMLA, 2002. The searches relate to the alleged manipulation of the shares of listed companies.

ED claimed to have seized various incriminating documents, digital devices, records of share transactions and property documents during the searches.

The premises searched included the offices of the two companies, the...