ED seizes over Rs one crore cash, undisclosed assets during raids against Cong MLA, others

The money-laundering investigation stems from a CBI FIR filed against the accused, who were charged with committing "fraud" by siphoning off and diverting funds, criminal misappropriation, criminal breach of trust and cheating, and causing wrongful loss of more than Rs 1,392.86 crore to a consortium of banks led by the Canara Bank.