📷 Image: Wikimedia Commons / US Embassy in India
Crime
ED Files Complaint in Indore Over ₹66-Crore Bank Loan Scam, 21 Accused Notified
✍️ Amar Ujala · Indore
🗓 02 Oct 2026, 09:16 PM
👁 8
The Enforcement Directorate has lodged a charge sheet in the Special PMLA Court in Indore over a ₹66‑crore bank loan fraud involving Ruchi Global. The court has issued notices to 21 accused for alleged misuse of bank funds through forged documents.
The Enforcement Directorate (ED) has filed a charge sheet in the Special PMLA Court in Indore over a ₹66‑crore bank loan fraud linked to the company Ruchi Global. The complaint alleges that the company obtained a large loan by presenting forged documents and subsequently diverted the funds back into its own accounts.
According to the ED’s filing, the fraud involved the creation of fake loan agreements and other supporting documents that misled the bank into approving the loan. The misappropriated money was then transferred to the company’s accounts, effectively siphoning bank funds.
The court has responded by issuing notices to 21 individuals named as accused in the case. The notices demand their appearance before the court and the submission of relevant documents related to the alleged fraud.
This action underscores the authorities’ intent to clamp down on large‑scale financial scams and to hold both corporate entities and individuals accountable for misuse of banking resources.
According to the ED’s filing, the fraud involved the creation of fake loan agreements and other supporting documents that misled the bank into approving the loan. The misappropriated money was then transferred to the company’s accounts, effectively siphoning bank funds.
The court has responded by issuing notices to 21 individuals named as accused in the case. The notices demand their appearance before the court and the submission of relevant documents related to the alleged fraud.
This action underscores the authorities’ intent to clamp down on large‑scale financial scams and to hold both corporate entities and individuals accountable for misuse of banking resources.