Vadodara: In one of its biggest attachment of assets under the stringent Prevention of Money Laundering Act (PMLA) this year, the Enforcement Directorate attached Rs 47.01 billion worth of assets of Gujarat-based Nitin and Chetan Sandesara led pharmaceutical company Sterling Biotech Group in connection with a Rs 50 billion bank fraud and money laundering case. ED issued a provisional freezing order under the Prevention of Money Laundering Act (PMLA) and attached immovable properties of around 4,000 acres, plant and machinery, around 200 bank accounts of various linked companies and promoters, shares worth Rs. 667 million and a number of luxury cars of the Vadodara-based group. ED had filed criminal case of money laundering against the firm and its promoters Nitin and Chetan Sandesara in October last year, taking cognisance of a CBI FIR in the case made on charges of alleged corruption, The agency has arrested three people so far in this case — Delhi-based businessman Gagan Dhawan, former Andhra Bank director Anup Garg and Sterling Biotech Ltd director Rajbhhushan Dixit. The fraudulently obtained loans that turned Non Performing Assets(NPA) were sanctioned by a consortium of banks like the Andhra Bank, UCO Bank, State Bank of India, Allahabad Bank and Bank of India.