<h1>Enforcement Directorate probe into alleged corporate banking fraud: SIT formed; PMLA ECIRs filed and assets attached.</h1> A federal enforcement agency has constituted a special investigation team to probe alleged banking and corporate fraud totalling roughly Rs 40,000 crore by a named corporate group and linked entities; the SC directed formation of the SIT to ensure a fair, independent and prompt probe, and a central investigative agency was asked to examine possible nexus, collusion and conspiracy. The enforcement agency has filed multiple Enforcement Case Information Reports under anti money laundering procedures, attached assets totalling about Rs 12,000 crore, may file further ECIRs, and has carried out arrests and questioning while seeking restitution of alleged proceeds of crime.