The Enforcement Directorate has attached assets worth Rs 5,115 crore belonging to Amtek Auto Ltd, a Gurgaon-based company accused of siphoning off Rs 27,000 crore from government banks. This probe was initiated by the Supreme Court, following complaints from IDBI Bank and Bank of Maharashtra. The company’s promoter, Arvind Dham, and other group entities are also under investigation for diverting bank loans to shell companies. Dham was arrested after it was discovered that he used over 500 shell companies to launder bank funds for high-value investments in real estate and luxury properties. The Supreme Court emphasized the need for a thorough investigation to address concerns of public money diversion.
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