{
  "id": 3753215,
  "title": "ED Seizes ₹12.20 Crore Jewellery, Cash In Alleged ₹160.55-Crore Bilpower Loan Fraud Probe",
  "url": "https://urgent.news/2026/08/27/ed-seizes-12-20-crore-jewellery-cash-in-alleged-160-55-crore-bilpower",
  "topic": "world",
  "section": "World",
  "published": "2026-08-27T14:19:20.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/mumbai/ed-seizes-1220-crore-jewellery-cash-in-alleged-16055-crore-bilpower-loan-fraud-probe"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Enforcement Directorate (ED) conducted searches on Tuesday at seven residential and business premises, as well as three bank lockers in Mumbai and Vadodara, in connection with a money-laundering probe into an alleged Rs 160.55-crore loan fraud involving Bilpower Limited. During the operation, the agency seized cash worth around Rs 43.90 lakh and jewellery valued at approximately Rs 12.20 crore. The ED's investigation stems from an FIR registered by the CBI’s Economic Offences-I unit in Delhi on the basis of a complaint filed by the State Bank of India (SBI), alleging that Bilpower had fraudulently diverted loan proceeds and manipulated its books of accounts, causing a loss of Rs 160.55 crore to the bank.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}