Thursday, November 6, 2025
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Tag: PMLA

ED Raids Intensify in Chhattisgarh: Builders Targeted in Money Laundering Probe

The Enforcement Directorate (ED) launched simultaneous raids in Raipur and Bilaspur on September 26, 2025, targeting prominent builders under the Prevention of Money Laundering Act (PMLA). Officials seized over ₹2 crore in cash, gold worth ₹50 lakh, and incriminating documents tied to real estate projects worth hundreds of crores. While BJP leaders hailed the action as a clean-up drive, opposition leaders dismissed it as a politically motivated move ahead of polls.

ED Raids Uncover Alleged Rs 3,000-Crore Loan Fraud Involving Anil Ambani and Yes Bank

The Enforcement Directorate has uncovered an alleged ₹3,000-crore loan fraud involving Anil Ambani’s Reliance Group and Yes Bank, exposing a web of bribery, financial irregularities, and loan diversions. Raids across 35 locations have revealed that loans were sanctioned without due diligence, raising serious questions about the integrity of corporate governance and banking oversight in India.