India, Aug. 29 -- The Enforcement Directorate (ED) on Friday said it has frozen bank deposits worth Rs 51.75 crore under the anti-money laundering law as part of its fresh action in connection with an alleged bank-loan fraud worth over Rs 34,000 crore, linked to the Dewan Housing Finance Corporation Ltd (DHFL).

The agency said in a statement that it conducted fresh searches in connection with the case on August 19. The ED probe under the Prevention of Money Laundering Act (PMLA) stems from a CBI FIR filed on a complaint from a consortium of 17 banks against DHFL and its promoters, Kapil Wadhawan and Dheeraj Wadhawan, for an alleged bank-loan fraud of Rs 34,615 crore.

The ED said it has found that an immovable asset named "Hurtmore House...