India, Feb. 14 -- The Enforcement Directorate on Friday said it has attached hotels, resorts and land parcels worth Rs 200 crore in the Andaman and Nicobar Islands as part of a money laundering probe.

These assets were "directly or indirectly" derived out of, or involved in, the Rs 500 crore fraud committed at the Andaman and Nicobar State Cooperative Bank Ltd (ANSCBL).

A total of 51 immovable properties worth Rs 200.02 crore have been attached after a provisional order was issued under the Prevention of Money Laundering Act (PMLA), the federal agency said in a statement. These properties stand in the names of the accused persons, their family members, close associates and companies and firms controlled by them, the ED said. It, however...