Maharashtra: ED Raids 10 Locations In ₹425 Crore Fraud

The Enforcement Directorate carried out searches at 10 places. Nine in Delhi and one in Pune over an alleged bank fraud by Gupta Exim India Pvt. Ltd. The probe, based on a CBI FIR, accuses the company’s promoters and directors of diverting Punjab National Bank loans worth around ₹425 crore. The raids are still ongoing in probe related areas.