Mumbai, Oct. 17 -- The Enforcement Directorate (ED) is in the process of seizing approximately 1,700 acres in Sindhudurg district linked to Housing Development Infrastructure Limited (HDIL) as part of its probe into the Rs.4,355-crore fraud allegedly carried out at PMC Bank. This is the second parcel of land in the area that the agency has seized while investigating HDIL. The ED will probe if these properties are proceeds of crime.

Last week, the agency had attached 160 acres of land in Sindhudurg, which HDIL had acquired in 2013-14 and is now valued at around Rs.125 crore. The properties identified and attached in the PMC Bank fraud case were valued at Rs.3,800 crore.

Today, the ED confirmed that it had identified more properties for sei...