New Delhi, July 3 -- The Enforcement Directorate (ED) has frozen Rs 12.71 crore in bank balances, fixed deposits, mutual funds and seized cash amounting to Rs 26 lakh apart from large number of incriminating documents and devices during searches conducted at 16 different locations across Mumbai in Vasai Virar Municipal Corporation (VVMC) scam, the agency said on Thursday.

ED's Mumbai zonal office took the action during the raids carried out under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, on July 1 in the case.

ED initiated an investigation on the basis of multiple First Information Reports (FIRs) registered by the Mira Bhayandar Police Commissionerate against builders, local henchmen and others. The case per...