New Delhi, Aug. 31 -- The Enforcement Directorate (ED) said it has seized around a dozen luxury vehicles and three super bikes following raids conducted at the premises of businessman Shakti Ranjan Dash and related entities in Bhubaneswar.

The searches were carried out in connection with the money laundering probe into alleged Rs.1,396 crore bank loan fraud case against a Himachal Pradesh-based company Indian Technomac Company Ltd (ITCOL).

The investigative agency conducted raids on Saturday on the premises of Anmol Mines Pvt. Ltd. (AMPL) and Anmol Resources Pvt. Ltd. (ARPL), and their Managing Director (MD), Shakti Ranjan Dash, in the Odisha capital.

ITCOL obtained loans from a consortium-led by the Bank of India between 2009 and 2013...