India, Feb. 22 -- The Mumbai unit of Enforcement Directorate (ED) has attached provisionally assets worth Rs.11.07 crore as part of its money-laundering investigation against a private firm, Geodesic Limited, and others in connection with a case related to the alleged defrauding of holders of Foreign Currency Convertible Bond (FCCB), of USD 125 million. A FCCB is a bond issued in a currency other than the company's home country.

The attachments were made on Thursday and comprised residential flats, commercial and agricultural land along with bank fixed deposits in the name of various companies and persons, located in Maharashtra, Gujarat and Uttar Pradesh.

ED had initiated its investigation based on a case registered by the MIDC police ...