<span style="color: #222222;">Enforcement Directorate has attached two tunnel machines in Mundka, Delhi totaling to around Rs 34 crore owned by Era Infra Engineering Limited in a bank fraud case. The action has been taken under Prevention of Money Laundering Act. </span><br />'' <br />'' <span style="color: #222222;">ED had initiated investigations on the basis of FIR by CBI in April 2018 against the CMD of the company, unknown public servants of the Bank and others. The case is related to criminal conspiracy, cheating, forgery and use of forged documents and criminal misconduct by them in sanction, disbursement and utilization of two term loans amounting to Rs 650 crore.</span><br />'' <span style="color: #222222;"> </span><br />'' <span style="color: #222222;">Investigations conducted by ED have revealed that the sanctioned funds were disbursed and utilized in a manner defying the sanctioned purpose.</span><br />''