ED had issued a provisional order under the Prevention of Money Laundering Act (PMLA) to attach these assets - bank deposits, land, and buildings that belong to fugitive diamond trader Nirav Modi.
The accused frequently changed his identity, locations and contact numbers in the last 20 years to avoid arrest. He was also planning to escape to Sri Lanka by sea route.
The raids were conducted across Delhi, Gurugram, Noida, Mumbai and Nagpur under the Prevention of Money Laundering Act (PMLA) on Amtek Group led by Arvind Dham, Gautam Malhotra and others.
During police interrogation of the accused, it was revealed that the deputy bank manager had opened a fake bank account to achieve his target and made it available to fraudsters, the probe official said.
Citing an audit report, the ED has claimed that the loans availed by Jet Airways (India) Limited (JIL) were used for purchasing immovable assets such as furniture, apparel and jewellery.
The private company which deals in Defence production allegedly duped a bank of Rs 30 crores.
Bank loan fraud case: The ED said the loans were "not used" for the intended purposes and were defaulted, the agency said.
Bank fraud case: It has been alleged that the accused, which also includes a private corporation and its directors, defrauded a group of 10 banks, led by the Central Bank of India, resulting in fraud of around Rs 1530.99 crores.
The Enforcement Directorate (ED) had issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) on Tuesday to attach the assets of Bhosale, worth Rs 164 crore, while Chhabria's assets are worth Rs 251 crore.
Varun Gandhi was reffering to a bank fraud case in which CBI has booked ABG Shipyard Ltd and its former chairman and managing director for allegedly cheating a consortium of banks led by State Bank of India of over Rs 22,842 crore.
In its complaint, the SBI said ABG Shipyard Limited (ABGSL) is the flagship company of the ABG Group, which is engaged in the business of ship building and ship repair.
This is the biggest bank fraud case registered by CBI. Funds were used for purposes other than for which they were released by banks.
One of the cases was registered on a complaint from the Bank of India against an Ahmedabad-based private firm, its Directors, and unknown public servants for causing a loss of Rs 631.97 crore to the bank.
The case pertains to a loan taken from Assam Cooperative and Agriculture Development Bank.
The gang of cheats had allegedly duped the Bank by opening priority accounts in several banks to avail of premier banking services using fake documents.
The ED said the "allegations against the accused include diversion of funds from loan accounts by round-tripping through related entities and siphoning of funds was being done by way of suspicious sale/purchase from various entities."
A court in Dominica has "restrained" authorities from removing fugitive businessman Mehul Choksi from the Caribbean island country till further orders, local media reported.
Fugitive diamantaire Mehul Choksi is understood to have gone missing in Antigua and Barbuda with the police launching a manhunt to trace him since Sunday, local media outlets reported.
The police said that on January 16, a complaint was received from a bank in Karol Bagh stating that a person named Anurag deposited three different cheques for clearing.
The Central Bureau of Investigation (CBI) has registered a case against Kwality Limited, Kwality Limited, one of the country's most popular dairy product makers, and its directors for defrauding Bank of India and other banks of over Rs 1400 crore.
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