<h1>Enforcement agency seizes luxury cars, cash and jewellery, freezes lockers in probe linking firms to alleged Rs 1,396 crore fraud</h1> The Enforcement Directorate seized over a dozen luxury cars and superbikes, cash, jewellery and froze two lockers following searches at the premises of an Odisha-based businessman and his companies in a money-laundering probe linked to an alleged Rs 1,396 crore bank fraud. The federal case arises from an FIR accusing a Himachal Pradesh company and promoters of obtaining consortium loans using forged project reports and fake sales to shell firms; earlier attachments totaled Rs 310 crore, with about Rs 289 crore restituted to victim banks. Investigators say roughly Rs 59.8 crore was diverted to the Odisha entities.