India, Jan. 28 -- The Mumbai unit of the Enforcement Directorate (ED) has attached provisionally immovable assets worth around Rs.79.78 crore as part of its money-laundering probe in an alleged Rs.286 crore bank fraud case against pharmaceutical firm, Sharon BioMedicine Limited (SBML), and others.

It was alleged that the accused persons in the case had siphoned off bank funds for use in non-sanctioned purposes and utilised them for personal uses and purchase of assets. The assets attached by the agency included immovable assets, in the form of flats, plots, hotel and agriculture lands in Mumbai, Navi Mumbai, Satara, Raigad in Maharashtra and Dehradun, Haridwar, Pauri Garhwal in Uttarakhand, the ED said on Monday. The assets were attached...