Chandigarh, June 17 -- The Chandigarh Zonal Office of the enforcement directorate (ED) on Tuesday conducted searches at 11 premises across Karnal, Delhi and Goa. The premises are linked to Ashok Kumar Mittal, Sourabh Dhingra, Bharat Bhushan Mittal, Raman Singhal and others in connection with an alleged Rs.155.21 crore fraud involving the Oriental Bank of Commerce and its consortium banks, officials said.

The case stems from a first information report (FIR) registered by the Central Bureau of Investigation (CBI) against Mahesh Timber Pvt. Ltd., its directors, and others on May 8, 2018, based on a complaint filed by the assistant general manager of the Oriental Bank of Commerce.

The FIR was registered for offences under the Indian Penal C...