Bhubaneswar: The Directorate of Enforcement (ED), Bhubaneswar Zonal Office, recently carried out an extensive multi-state search operations across Odisha, Delhi, Uttarakhand, and Punjab in connection with Rs 73 crore bank loan fraud.

According to an official release, the investigation was initiated on the basis of an FIR registered by the Central Bureau of Investigation (CBI) invoking scheduled offences under Prevention of Money Laundering Act (PMLA), 2002. ADVERTISEMENT

During the searches, the ED recovered and seized incriminating documents, evidencing systematic diversion of loan funds from S R Alcobev Pvt Ltd to Brewforce Technologies and other associated companies, entities, and business associates. Additionally, multiple documents related to property worth several crores of rupees

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