Overview

• Searches on August 30 in Bhubaneswar targeted the residence of Shakti Ranjan Dash and the offices of Anmol Mines Pvt Ltd and Anmol Resources Pvt Ltd under the PMLA.
• Officials seized 10 luxury vehicles and three superbikes worth over ₹7 crore, along with jewellery valued at about ₹1.12 crore and ₹13 lakh in cash.
• Two bank lockers in Dash’s name were frozen and investigators collected documents related to immovable properties.
• The ED alleges ITCOL obtained about ₹1,396 crore in loans from a Bank of India–led consortium between 2009 and 2013 using forged project reports and fake sales, then siphoned the funds.
• About ₹59.80 crore was allegedly routed to AMPL and the agency says Dash aided ITCOL promoter Rakesh Kumar Sharma in using the money in Odisha mining, with the investigation ongoing.