ED conducts searches in Bhopal linked to bank loan fraud

The Enforcement Directorate conducts searches in Bhopal for money laundering investigation linked to bank loan fraud case

“The Enforcement Directorate (ED) on Wednesday (November 6, 2024) conducted searches at multiple premises in Bhopal in connection with a money laundering investigation linked to an alleged bank loan fraud case,” official sources said.

“A location in Arera Colony belonging to an auditor and a few linked premises are being raided,” the sources said.

“The searches are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA). About four-five premises are being searched,” they said.

“The investigation is linked to an alleged bank loan fraud case,” the sources said.

Published - November 06, 2024 03:40 pm IST