ED raids 8 premises in Delhi, UP and Punjab in an alleged ₹450 crore money laundering case

Enforcement Directorate (ED) raided 8 premises in Delhi, Uttar Pradesh, and Punjab in a ₹450 crore money laundering case against Santosh Overseas Ltd and related entities.

The ED investigation stems from a CBI case involving alleged bank fraud of ₹450 crore availed from a consortium of banks.

Loan funds were allegedly diverted through shell entities and circular transactions using fake invoices.

ED's Lucknow Zonal Office conducted the searches under the Prevention of Money Laundering Act (PMLA), 2002.

Separately, ED conducted raids in Bihar, Delhi, and Rajasthan in an illegal sand mining case linked to Mahadev Enclave Pvt Ltd.