The ED seized Rs 23.50 lakh in cash and froze Rs 2.93 crore in bank deposits.
The investigation centers on a multi-crore fake road construction bills scam in Madhya Pradesh.
Contractors allegedly conspired with officials to submit forged invoices worth Rs 55.60 crore.
The forged documents falsely used the names of major entities like IOCL, BPCL, and HPCL.