The Enforcement Directorate has frozen about six crore rupees of stashed funds of a Mumbai-based businessman in an alleged money laundering case. It was the first instance of an Indian agency getting access to Swiss bank accounts in its black money probe. The agency, which approached Swiss authorities some time back in connection with the probe, was told by the Swiss banking and enforcement authorities that the money stashed in the accounts was prima facie "proceeds of crime" and it was important for India to get access and control of these accounts. The ED attachment ensures that these properties cannot be used by the accused and he cannot take any benefits from these assets, and such an order can be challenged by the accused at the adjudicating authority of the Prevetion of Money Luandering Act (PMLA). The Enforcement Directorate enforces the PMLA in the country and is the lead agency to probe black money cases, apart from the Income Tax department.