📷 Image: Wikimedia Commons / Carlo Dani
Crime
ED Seizes 13.99 Crore Loan Fraud: Four Bhadwani Offices Raided, Bank Safes Frozen
✍️ Amar Ujala · Madhya Pradesh
🗓 12 Sep 2026, 04:17 PM
👁 23
The Enforcement Directorate raided four premises in Bhadwani district, Madhya Pradesh, in a case involving the diversion of ₹13.99 crore from a NABARD term loan, seizing documents and freezing four bank safes.
The Enforcement Directorate (ED) conducted a coordinated raid on four premises in Bhadwani district, Madhya Pradesh, as part of an investigation into the diversion of ₹13.99 crore from a term loan granted by the National Bank for Agriculture and Rural Development (NABARD). The operation was carried out in the town of Sethwa, where the alleged fraud was allegedly orchestrated.
During the raids, ED officials seized a range of documents and digital evidence that are believed to be linked to the misappropriation of the loan amount. The seized material includes transaction records, correspondence, and electronic files that could help establish the flow of funds.
In addition to the document collection, the ED froze four bank safes located at the affected premises. The freezing of these safes is intended to prevent the disposal or concealment of assets that may be connected to the alleged fraud.
The action underscores the central government’s continued effort to crack down on financial malfeasance and protect the integrity of public funds. The ED has indicated that the investigation will proceed to the next stage, which may involve filing charges and pursuing legal action against the parties implicated.
During the raids, ED officials seized a range of documents and digital evidence that are believed to be linked to the misappropriation of the loan amount. The seized material includes transaction records, correspondence, and electronic files that could help establish the flow of funds.
In addition to the document collection, the ED froze four bank safes located at the affected premises. The freezing of these safes is intended to prevent the disposal or concealment of assets that may be connected to the alleged fraud.
The action underscores the central government’s continued effort to crack down on financial malfeasance and protect the integrity of public funds. The ED has indicated that the investigation will proceed to the next stage, which may involve filing charges and pursuing legal action against the parties implicated.