India, Feb. 16 -- The Mumbai unit of the Enforcement Directorate (ED) conducted extensive search operations across the city on Thursday in connection with its ongoing investigations into two major bank fraud cases. The cases involve private firms and individuals accused of money laundering and financial misconduct.

The first case pertains to an alleged bank fraud amounting to Rs.142.72 crore. The ED conducted searches at 12 locations in Mumbai, leading to the seizure and freezing of details related to immovable and movable assets.

The investigation revolves around two firms, Rialto Exim Pvt Ltd and Pushpak Bullion Pvt Ltd, along with other accused individuals, including Chandrakant Patel. During the raids, ED officials seized several do...