ED Seizes ₹45.6 Crore in Assets in High-Profile Fraud and Money Laundering Cases

New attachments target Sharon Bio-Medicine Limited and Amber Dalal's Ponzi scheme, highlighting the ED's intensified crackdown on financial crimes.

The Enforcement Directorate (ED) has attached ₹9.39 crore in assets related to Sharon Bio-Medicine Limited's ₹220 crore bank fraud case.
This brings the total value of assets attached in the SBML case to ₹105.59 crore, including flats in Pune, Maharashtra.
SBML directors allegedly used forged documents, circular transactions, and bogus contracts to secure substantial loans from banks.
In a separate case, the ED attached ₹36.21 crore in assets linked to Amber Dalal's ₹600 crore Ponzi scheme, including properties in Mumbai and Kolkata.
Dalal, currently in judicial custody, is accused of funneling investor funds into foreign jurisdictions through sham transactions to evade scrutiny.