New Delhi: Directorate of Enforcement (ED), Bhopal Zonal Office has provisionally attached nine luxurious foreign immovable properties located in Dubai (UAE) under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.

The attached properties are in the form of apartments and commercial spaces, having a worth of Rs 51.70 crore.

According to the ED, the said attachment done on Monday has been done in the matter of “bank fraud done by M/s Advantage Overseas Private Limited (AOPL), its directors, guarantors and related persons, including its main director/significant beneficial owner, Shrikant Bhasi, which caused wrongful loss of Rs. 1266.63 Crore to State Bank of India.”

The attached properties belong to Shrikant Bhasi, who gifted them to his daughter.

“The said foreign a

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