India, Dec. 14 -- The Enforcement Directorate (ED) has seized movable assets worth Rs.9.70 crore, including Rs.3.7 crore in cash and gold jewellery and bullion valued at Rs.6 crore, during extensive search operations carried out across 40 locations in several states as part of a money-laundering investigation linked to a highly radicalised terror module affiliated with banned Islamic State of Iraq and Syria (ISIS).

During ED's financial analysis, it was revealed that various individuals linked with Borivali-Padgha ISIS module were allegedly involved in the illegal cutting and smuggling of Khair (Acacia Katechu) trees from the reserve forest areas of Padgha-Borivali area, the officials said. During course of the search operations, the Kha...