ED attaches ₹131 cr assets in Kotak fraud, luxury cars seized
The Enforcement Directorate lodged a prosecution complaint against nine suspects in the Kotak Mahindra Bank-Panchkula Municipal Corporation scam and attached assets worth ₹131.13 crore, including a Porsche Cayenne, multiple BMWs, a Land Cruiser and a Harley‑Davidson. The move highlights a deep‑rooted money‑laundering breach within a major private lender and signals tougher regulatory scrutiny.