Surat: The Surat Sub-Zonal Office of the Enforcement Directorate (ED) on Wednesday announced the provisional attachment of movable assets worth ₹10.99 lakh belonging to M/s Mobi Tech and others, under the Prevention of Money Laundering Act (PMLA).

The ED launched its probe based on an FIR filed by the CBI and ACB Gandhinagar against Milind Patel, proprietor of M/s Mobi Tech and others, over alleged corruption and criminal conspiracy. The investigation revealed that M/s Mobi Tech secured a ₹5 crore loan from the erstwhile State Bank of Bikaner and Jaipur (now part of State Bank of India), and then allegedly diverted the funds to different entities, causing a loss of ₹3.12 crore to the bank.

The ED further found that M/s Celution Corporation, a partnership firm of Rishit Bharatkumar Shah, had received proceeds of crime from M/s Mobi Tech. As a result, a bank balance of ₹10.99 lakh held by Shah has been attached. A previous attachment order for ₹11 lakh was also issued earlier in this case. Further investigation is ongoing. DeshGujarat