<h1>ED searches ten premises under PMLA in probe of alleged Rs 273 crore bank loan fraud by real estate firm</h1> Federal investigators conducted searches at ten premises in Delhi and Madhya Pradesh under the Prevention of Money Laundering Act in connection with a money-laundering probe arising from a central agency FIR alleging a bank loan fraud of Rs 273 crore. The FIR accuses a private real estate firm and its promoters/directors of siphoning and diverting loan proceeds to related entities that allegedly lacked genuine business activity. The Enforcement Directorate's action targets proceeds of the alleged offence and seeks evidence tying the diversion of funds to money-laundering offences.