Panchkula, April 24 -- The Enforcement Directorate (ED) conducted searches at 12 locations across Chandigarh, Panchkula, Zirakpur, Dera Bassi and Rajpura in connection with the Rs.145-crore fraud linked to the Panchkula Municipal Corporation (MC) and Kotak Mahindra Bank, officials said on Thursday.

During the action, taken up on April 22 under the Prevention of Money Laundering Act (PMLA), 2002, officials seized sale-purchase agreements and several incriminating documents related to alleged money laundering.

The ED initiated the probe based on an FIR registered by the Panchkula Anti-Corruption Bureau under provisions of the Bharatiya Nyaya Sanhita and the Prevention of Corruption Act on March 24. So far, six persons - Pushpinder Singh, ...