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[ad_1] The Enforcement Directorate (ED) probing the multi-crore school recruitment case in West Bengal. (File Image: News18) A GDR is defined as a negotiable financial instrument issued by a depository bank and it enables a company to reach investors in capital markets abroad The Enforcement Directorate on Friday said it has attached assets worth more than Rs 59 crore of a Person of Indian Origin (PIO) based in London and some other entities as part of a money laundering investigation linked to an alleged global depository receipts (GDR) scam. A GDR is defined as a negotiable financial instrument issued by a depository bank and it enables a company to reach investors in capital markets abroad. The properties belong to London-based Arun Panchariya, Sanjay Aggarwal and India Focus Cardinal Fund. The assets with a total value of Rs 59.37 crore have been seized in a probe pertaining to Hyderabad-based Farmax India Limited, the ED said in a statement. Panchariya and his linked entities