India, April 3 -- The Enforcement Directorate (ED) has charge-sheeted 13 accused individuals and entities, including metal-trading firm Ushdev International Ltd (UIL) and its director, Prateek Gupta, in an alleged Rs.1,438.45-crore bank fraud and for siphoning off the Proceeds of Crime (POC) as part of a well-planned conspiracy.

The ED probe, as corroborated by the findings of a forensic audit conducted by a consortium of lender banks whose loans remain unpaid, suggested that a part of the POC was invested in an overseas tennis team and an overseas firm having gold mines in Australia.

The ED's Mumbai unit began its investigation in August 2022 after an FIR was registered on July 5 by the Central Bureau of Investigation's Mumbai unit aga...