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ED raids in multiple states in Rs 70-crore bank loan 'fraud'
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....D raids in multiple states in Rs 70-crore bank loan 'fraud'<BR>PMLA / Black Money<BR>Dated:- 14-10-2025<BR>PTI<BR>New Delhi, Oct 14 (PTI) The Enforcement Directorate on Tuesday conducted multi-state s....
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....earches as part of a money laundering investigation linked to an alleged bank loan fraud of Rs 70 crore, official sources said. Around four premises each in Delhi, Hyderabad, Jaipur and Mumbai are be....
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....ing searched under the Prevention of Money Laundering Act (PMLA), they said. The ED action comes after the agency took cognisance of a CBI FIR against Yashdeep Sharma and his family members. Punjab ....
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....and Sindh Bank has alleged that Sharma and his family, through entities owned and controlled by them, "siphoned off" a loan of Rs 70 crore extended by the bank, the sources said. They said loan funds....
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.... were allegedly diverted to various entities owned and controlled by Sharma which were not engaged in any business activity. PTI NES DIV DIV<BR> News - Press release - PIB....