ED Raids Ex-Directors & Promoters Of Kwality Ltd In Bank Fraud Case

The Enforcement Directorate (ED) on Wednesday raided multiple locations in Delhi and surrounding areas as part of a money laundering probe into an alleged bank loan fraud involving former promoters of Kwality Ltd. The case stems from a 2020 CBI FIR accusing the company of cheating a consortium of 10 banks out of ₹1,400 crore.