New Delhi: The Enforcement Directorate (ED) has attached nine luxurious foreign immovable properties located in Dubai (UAE) in the Rs 1266.63 crore State Bank of India (SBI) fraud case allegedly done by Advantage Overseas Private Limited (AOPL), the agency said on Tuesday.

The attached properties are in the form of apartments and commercial spaces, worth Rs 51.70 crore. These properties were attached on November 17.

ED said the move was taken in the matter of bank fraud committed by AOPL, its directors, guarantors, and related persons, including its main director and significant beneficial owner, Shrikant Bhasi, which caused wrongful loss of Rs 1266.63 crore to SBI.

As per the ED, the attached properties belong to Shrikant Bhasi, who gifted them to his daughter.

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