📷 Image: Wikimedia Commons / Abhishek727
Crime
Indore: Special PMLA Court summons 21 in Rs 66 crore loan fraud linked to Ruchi Global
✍️ Amar Ujala · Indore
🗓 02 Oct 2026, 12:45 PM
👁 9
A special PMLA court in Indore has issued summons to 21 individuals and entities over a Rs 66 crore bank loan fraud tied to Ruchi Global Ltd., after the ED uncovered fake invoices and lorry receipts used to siphon credit.
The special PMLA court in Indore has formally summoned 21 accused, including company officials and associated firms, in connection with a Rs 66 crore bank loan fraud linked to Ruchi Global Limited. The Enforcement Directorate's investigation revealed that the perpetrators fabricated invoices and lorry receipts to obtain bank credit facilities, resulting in the diversion of millions of rupees.
According to court records, the fraudulent documents were used to convince multiple banks to release funds, bypassing standard due‑diligence procedures. The ED's probe indicated that the fake paperwork created an illusion of legitimate business transactions, enabling the accused to siphon off the loan amounts.
The court's decision marks a significant escalation in the case, signalling that the authorities are moving beyond investigation to prosecution. The summons require the accused to appear before the court to answer charges of money‑laundering, cheating and criminal conspiracy under the Prevention of Money‑Laundering Act.
Legal experts note that the case underscores the vulnerability of the banking sector to sophisticated document fraud and highlights the role of specialized courts in tackling large‑scale financial crimes.
The investigation remains ongoing, and further arrests or asset seizures may follow as the prosecution builds its case against the remaining suspects.
According to court records, the fraudulent documents were used to convince multiple banks to release funds, bypassing standard due‑diligence procedures. The ED's probe indicated that the fake paperwork created an illusion of legitimate business transactions, enabling the accused to siphon off the loan amounts.
The court's decision marks a significant escalation in the case, signalling that the authorities are moving beyond investigation to prosecution. The summons require the accused to appear before the court to answer charges of money‑laundering, cheating and criminal conspiracy under the Prevention of Money‑Laundering Act.
Legal experts note that the case underscores the vulnerability of the banking sector to sophisticated document fraud and highlights the role of specialized courts in tackling large‑scale financial crimes.
The investigation remains ongoing, and further arrests or asset seizures may follow as the prosecution builds its case against the remaining suspects.