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<h1>Probe agency arrests real estate firm director in alleged Rs117 crore loan fraud, PMLA Section 3 invoked; assets seized</h1> A federal probe agency arrested the director of a Pune-based real estate firm from a Mumbai hotel in a money-laundering probe linked to a roughly Rs 117 crore bank loan fraud; a special PMLA court remanded the suspect to agency custody for five days. The agency says the accused - owner-controller of two firms - obtained credit by mortgaging properties that were already sold or by double-mortgaging the same assets, then siphoned funds through a complex layering network. Searches yielded over 50 frozen bank accounts, cash, bullion and jewellery, vehicles, and digital devices alleged to hold transaction evidence.