Chandigarh, Sept. 30 -- The Enforcement Directorate (ED) on Tuesday conducted searches at 14 premises across Chandigarh, Mohali and Panchkula as part of its money-laundering investigation into the alleged embezzlement of Rs.645 crore public funds from bank accounts maintained with IDFC First Bank and AU Small Finance Bank.

The funds allegedly belonged to the Haryana government and Chandigarh municipal corporation. The agency did not disclose details of the recoveries made during the searches, till the filing of this report.

The teams also searched the premises of Gourav Kansal, who allegedly acted as a middleman in routing and layering the proceeds of crime, the ED said.

According to the investigation, the embezzled funds were routed t...