📷 Image: Wikimedia Commons / শরদিন্দু ভট্টাচার্য্য
Crime
ED Raids Across UP, Delhi, Punjab in ₹450-Crore Bank Loan Fraud Probe
✍️ The Hindu
🗓 24 Jul 2026, 07:48 PM
👁 2
The Enforcement Directorate carried out simultaneous raids in Uttar Pradesh, Delhi and Punjab targeting entities linked to a ₹450‑crore bank loan fraud.
The Enforcement Directorate (ED) conducted coordinated raids in Uttar Pradesh, Delhi and Punjab on Thursday, targeting several companies and individuals suspected of orchestrating a ₹450‑crore bank loan fraud.
The raids, carried out at multiple locations, aimed to seize documents, electronic devices and other evidence related to the alleged financial misconduct.
According to ED officials, the fraud involved the misappropriation of loan funds from a major bank, with the proceeds allegedly funneled through shell companies.
The Directorate has stated that it will file charges and seek judicial intervention to recover the misappropriated amount and prosecute those involved.
The raids, carried out at multiple locations, aimed to seize documents, electronic devices and other evidence related to the alleged financial misconduct.
According to ED officials, the fraud involved the misappropriation of loan funds from a major bank, with the proceeds allegedly funneled through shell companies.
The Directorate has stated that it will file charges and seek judicial intervention to recover the misappropriated amount and prosecute those involved.