ED seizes over a dozen luxury cars, superbikes in Odisha

The Enforcement Directorate has seized a dozen luxury vehicles, including a Porsche, a Mercedes, a Mini Cooper and a BMW, following searches against an Odisha-based businessman and his companies in a money laundering case linked to Rs 1,396 crore alleged bank fraud.

The raids were conducted 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 Bhubaneswar.

The action was carried out in the alleged bank loan fraud case against a Himachal Pradesh-based company named Indian Technomac Company Ltd (ITCOL).

The money laundering case stems from an FIR of the Himachal Pradesh Police CID against ITCOL and its promoters, alleging that its directors, in connivance with staff of various companies and CAs, siphoned off loans availed from a consortium of banks.