ED Raids 23 Locations Linked To Malegaon Based Trader’s Money Laundering Case

Enforcement Directorate (ED) conducted massive raids across 23 locations in poll bound Maharashtra and neighboring Gujarat on Thursday. This was done as part of an investigation into a money laundering case involving a Malegaon-based trader. The trader allegedly used fake documents and fake KYC details to open numerous bank accounts, which facilitated transactions worth over ₹100 crore.