India, Aug. 3 -- The Mumbai unit of the Enforcement Directorate (ED) has frozen funds worth over Rs.47 crore from bank deposits, fixed deposits and demat accounts linked to civic contractors and officials following searches at eight places across Mumbai on Thursday as part of its investigation into the alleged irregularities in the execution of contracts for desilting the Mithi River.

According to officials aware of the developments, the search operation covered commercial and residential premises linked to Brihanmumbai Municipal Corporation (BMC) contractors Acute Designs, Kailash Construction Company, Nikhil Construction Co, N A Construction Pvt Ltd, JRS Infrastructure and civic engineer Prashant Tayshete, whose assets worth Rs.1 crore...