Syndicate Bank fraud case: Enforcement Directorate attaches Rs 5-cr assets

The Enforcement Directorate Wednesday said it has attached assets worth about Rs 5 crore in connection with a money laundering probe linked to an alleged fraud in a Syndicate Bank branch in Bengaluru.

The central probe agency said its investigation in the case was initiated on the basis of an FIR filed by the Bengaluru Police sometime back against Vijay Akkash, Mohamed Musthafa, M D Jairam (the then Assistant Branch Manager of Syndicate Bank, Uttarahalli branch in Bengaluru) and others.

The probe found, the Enforcement Directorate (ED) claimed in a statement, that Akkash is the "mastermind" of the entire conspiracy alongwith Jairam,