📷 Image: Wikimedia Commons / Salil Kumar Mukherjee
Crime
ED Confiscates Rs 13 Crore Assets in Manpur Warehouse Bank Fraud
✍️ Amar Ujala · Madhya Pradesh
🗓 12 Sep 2026, 11:17 AM
👁 11
The Enforcement Directorate has seized assets worth Rs 13 crore from Alok Sharda and co‑accused in a bank fraud that used fake warehouse receipts from a Manpur facility to obtain large loans and manipulate agricultural stock.
The Enforcement Directorate (ED) has taken possession of assets valued at Rs 13 crore belonging to Alok Sharda and several other accused persons in connection with a bank fraud case. The seizure was carried out after the agency gathered evidence linking the suspects to a scheme that exploited the banking system.
According to the investigation, the fraud hinged on counterfeit warehouse receipts issued from a Sharda‑owned warehouse in Manpur, Madhya Pradesh. These falsified documents were used to secure multi‑crore loans from banks, while the actual agricultural produce stock was tampered with to conceal the deception.
The ED has opened further inquiries to determine the full extent of the financial damage and to identify additional beneficiaries of the scheme. Authorities say the case underscores the need for stricter verification of warehouse receipts in agricultural lending.
According to the investigation, the fraud hinged on counterfeit warehouse receipts issued from a Sharda‑owned warehouse in Manpur, Madhya Pradesh. These falsified documents were used to secure multi‑crore loans from banks, while the actual agricultural produce stock was tampered with to conceal the deception.
The ED has opened further inquiries to determine the full extent of the financial damage and to identify additional beneficiaries of the scheme. Authorities say the case underscores the need for stricter verification of warehouse receipts in agricultural lending.