<h1>ED Attaches Over Rs 550 Crore in Assets of Amtek Group Amid Rs 27,000 Crore Bank Loan Fraud Probe</h1> The Enforcement Directorate (ED) has provisionally attached assets worth over Rs 550 crore belonging to an insolvent automotive equipment manufacturing group in connection with a Rs 27,000 crore bank loan fraud investigation. The action targets several companies under the Amtek Group and its promoter, along with other entities. This follows a Supreme Court directive for a comprehensive investigation into the alleged fraud, which involved manipulated financial statements and fraudulent loans. The attached assets include land, properties, and financial investments. The ED alleges these are direct proceeds of crime, linked to securities fraud and fraudulent insolvency proceedings.