In a high-profile operation, the Enforcement Directorate (ED) conducted raids at the premises of Anmol Mines Pvt. Ltd. and Anmol Resources Pvt. Ltd. in Bhubaneswar, targeting Shakti Ranjan Dash, the managing director, for his alleged involvement in a money laundering case linked to a ₹1,396 crore bank loan fraud in Himachal Pradesh. The raids resulted in the seizure of 10 luxury vehicles, including high-end cars and superbikes, with a combined estimated value exceeding ₹7 crore.
A Fleet of Luxury: What Was Seized?
The ED’s haul included an impressive lineup of premium vehicles, showcasing the opulence tied to the case. Among the seized vehicles are:
-
BMW X7: The flagship SUV from BMW, finished in a sophisticated Dravit Grey, carries an ex-showroom price of approximately ₹1.35 crore, making it the priciest of the lot.
-
Mercedes-Benz GLC: Sporting a Nautic Blue exterior, this luxury SUV adds to the collection of high-end vehicles.
-
Mini Cooper S: A new-generation model in a sleek Black finish, known for its sporty design and premium appeal.
-
Audi A3: A slightly older model, discontinued in India in 2020, finished in Blue, reflecting its budget-luxury roots.
-
Porsche Cayenne: A high-performance luxury SUV that commands a premium price tag.
-
Honda Gold Wing: A rare luxury touring motorcycle, often dubbed the “Rolls-Royce of motorcycles,” with an ex-showroom price of around ₹40 lakh.
In addition to these vehicles, the ED recovered jewellery worth ₹1.12 crore, documents related to immovable assets, and ₹13 lakh in cash, underscoring the scale of the operation.
The Investigation: A ₹1,396 Crore Fraud
The raids are part of an investigation into a massive ₹1,396 crore bank loan fraud involving Himachal Pradesh-based Indian Technomac Company Ltd. (ITCOL). According to reports, ITCOL secured loans from a consortium led by the Bank of India using forged project reports and diverted the funds for unauthorized purposes. Shakti Ranjan Dash is accused of aiding ITCOL promoters in laundering the proceeds of the crime through his mining companies.
An ED official, speaking to Hindustan Times, stated, “Dash knowingly assisted in laundering the proceeds of crime and attempted to legitimize them through corporate entities he controlled.”
A Pattern of High-Profile Seizures
This is not the first instance of the ED seizing luxury vehicles in connection with financial crimes. Recently, the agency busted a fake call center operation in Gurgaon and Delhi, which defrauded American citizens of over $15 million (₹130 crore). The raids led to the confiscation of several luxury vehicles, including:
-
Mercedes-Benz E-Class and S-Class
-
Mercedes GLS SUV
-
BMW i7 electric sedan
-
Range Rover Sport
-
Mini Cooper
-
Toyota Fortuner Legender
Luxury timepieces, high-value properties, and gadgets were also seized in that operation.
In another raid in July 2025 in Rajasthan, linked to a ₹100 crore scam, the ED seized an even more extravagant lineup, including a Rolls-Royce Phantom, Bentley Mulsanne, Toyota Land Cruiser, and a Mercedes-Benz G-Wagen with a Brabus kit, along with ₹78 lakh in unaccounted cash.
The Bigger Picture
The seizure of luxury vehicles in these raids highlights the intersection of wealth, crime, and high-end automobiles. For car enthusiasts, the sight of such rare and premium vehicles being impounded is a stark reminder of the consequences of financial misconduct. The Honda Gold Wing, in particular, stands out as a rare gem in India’s automotive landscape, while the BMW X7 and Porsche Cayenne underscore the lavish tastes of those involved.
As the ED continues its crackdown on financial crimes, the automotive world watches closely—not just for the cars, but for the stories they tell.
