Representative image ED attaches 20 immovable properties of Varron Group, others worth Rs 166 Cr in bank fraud case ANI | Updated: May 27, 2021 22:34 IST New Delhi [India], May 27 (ANI): The Enforcement Directorate on Thursday provisionally attached 20 immovable properties worth Rs 166 crore located in Mumbai, Pune and Ratnagiri in connection with a case of bank fraud involving Maharashtra-based Varron group of Industries and others, accused of discounting Letters of Credit on the basis of forged bills. According to the ED, the money laundering investigation was initiated on the basis of an FIR registered by the CBI against Late Shrikant Pandurang Sawaikar (Director of Varron Industries) and unknown banking officials of Bank of India and Canara Bank under the Prevention of Corruption Act.