📷 Image: Wikimedia Commons / শরদিন্দু ভট্টাচার্য্য
Crime
ED raids hotel chain in Bihar, Haryana, Delhi over Rs 131 crore loan fraud
✍️ India Today
🗓 11 Sep 2026, 12:33 PM
👁 23
The Enforcement Directorate carried out simultaneous raids on a hotel group in Bihar, Haryana and Delhi, probing a alleged loan fraud of about Rs 131 crore.
The Enforcement Directorate (ED) launched coordinated raids on premises linked to a hotel group across Patna, Gurgaon and Delhi on Tuesday, focusing on a suspected loan fraud amounting to roughly Rs 131 crore.
According to officials, the investigation is being pursued under the Prevention of Money Laundering Act, with teams seizing financial records, computer systems and cash from the targeted properties.
The hotel group, which operates several establishments in the three states, has denied any wrongdoing and said it will fully cooperate with the authorities. No arrests have been reported so far, and the ED has not disclosed the names of the individuals or entities under scrutiny.
The raids come amid a broader crackdown on financial irregularities in the hospitality sector, where lenders allege that some operators have inflated asset values to secure large loans.
Further details are expected as the investigation progresses, with the ED likely to file a charge sheet if sufficient evidence of money‑laundering is uncovered.
According to officials, the investigation is being pursued under the Prevention of Money Laundering Act, with teams seizing financial records, computer systems and cash from the targeted properties.
The hotel group, which operates several establishments in the three states, has denied any wrongdoing and said it will fully cooperate with the authorities. No arrests have been reported so far, and the ED has not disclosed the names of the individuals or entities under scrutiny.
The raids come amid a broader crackdown on financial irregularities in the hospitality sector, where lenders allege that some operators have inflated asset values to secure large loans.
Further details are expected as the investigation progresses, with the ED likely to file a charge sheet if sufficient evidence of money‑laundering is uncovered.