TaxTMI 
TaxTMI 
ED raids in Delhi-NCR, Punjab in bank loan 'fraud' case
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....D raids in Delhi-NCR, Punjab in bank loan 'fraud' case<BR>PTI News<BR>Dated:- 25-6-2025<BR>PTI<BR>New Delhi, Jun 25 (PTI) The Enforcement Directorate on Wednesday conducted searches at multiple premis....
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....es in Delhi-NCR and Punjab as part of a money laundering investigation linked to an alleged Rs 988 crore bank loan fraud case, official sources said. The action is being undertaken against the promo....
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....ters of a company, Shilpi Cables Technologies Ltd (SCTL), and some linked entities. Nine premises in Delhi-NCR and one in Jalandhar were part of the searches being conducted under the Prevention of Mo....
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....ney Laundering Act (PMLA), the sources said. The money laundering case stems from a CBI FIR alleging cheating a consortium of banks led by the IDBI Bank to the tune of Rs 988 crore by the promoters ....
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....of SCTL and their associates, they said. The ED suspects that a large portion of the money (loan) availed from the banks using LsC (Letters of Credit) were transferred abroad through "fake" transact....
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....ions. The role of the company managing director (MD) Manish Goel is under the scanner of the agency, as per the sources. PTI NES SKY SKY<BR> News - Press release - PIB....