ED seizes Porsche, BMW among 10 luxury cars in Odisha raids
NEW DELHI, Sept. 2 -- The Enforcement Directorate (ED) has confiscated at least 10 luxury cars and three superbikes collectively valued at over Rs.7 crore as well as jewellery and cash during searches conducted at multiple locations in Bhubaneswar in Odisha as part of its money laundering investigation into Rs.1,396-crore bank fraud involving Himachal Pradesh-based Indian Technomac Company Ltd (ITCOL), people familiar with the matter said on Sunday.
The searches, conducted on Friday, covered the residence of businessman Shakti Ranjan Dash and the offices of two companies he heads-Anmol Mines Pvt Ltd (AMPL) and Anmol Resources Pvt Ltd (ARPL).
According to ED officials, Dash allegedly played a key role in helping ITCOL promoters launder bank ...
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