New Delhi, April 8 -- The Enforcement Directorate (ED), Mumbai Zonal Office, today stated that it has attached 33 movable and immovable properties-including fixed deposits, bank balances, flats, commercial offices, and agricultural land-worth Rs 16.95 crore in connection with Hiren Bhanu and his family members.
The ED initiated its investigation based on an FIR (first information report) registered by the Economic Offences Wing (EOW), Mumbai Police, regarding the embezzlement of bank funds amounting to approximately Rs 122 crore.
The investigation revealed that Hitesh Pravinchandra Mehta, former General Manager and Head of Accounts at NICBL, played a key role in siphoning off bank funds by allegedly manipulating accounting systems and cre...