The directorate of enforcement (ED) has provisionally attached nine high-end foreign properties in Dubai, valued at Rs51.70 Crore, as part of its investigation into a massive bank fraud involving Bhopal-based Advantage Overseas Pvt Ltd (AOPL). The attachment, carried out by the agency’s Bhopal zonal office on 17 November 2025, was executed under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. According to ED, the action stems from a wider probe into AOPL, its directors, guarantors and associated persons, including its main director and significant beneficial owner, Shrikant Bhasi. The agency alleges that their activities caused wrongful losses worth around Rs1,266.63 crore to State Bank of India (SBI)'s Shahpura Branch. The newly attached properties belong to M

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