India, Nov. 15 -- The Enforcement Directorate (ED) has provisionally attached assets worth around Rs.59 crore in connection with its money laundering probe into developer Rajendra Lodha allegedly causing wrongful loss of more than Rs.100 crore to Lodha Developers Limited (LDL) when he was on the company's board of directors.

The movable assets - in the form of cash, bank balances and fixed deposits - were attached on Wednesday during searches conducted at 14 locations in the city and adjoining areas. The ED's Mumbai unit also seized various incriminating documents, digital devices and details of immovable assets purportedly worth several crores during the searches, officials said. Wednesday's searches were conducted at premises linked to...