ED concludes raids in Rs 2,000 crore money laundering probe linked to Religare Finvest Ltd
THE JHARKHAND STORY DESK Advertisement New Delhi, Jan 6: In a money laundering probe related to the purported diversion of cash…
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THE JHARKHAND STORY DESK
New Delhi, Jan 6: In a money laundering probe related to the purported diversion of cash exceeding Rs 2,000 crore from Religare Finvest Limited (RFL), the Enforcement Directorate (ED) completed its searches on Saturday, official sources stated.
The raids concluded on Saturday.
Nine locations in the Delhi-NCR were searched by the agency on Friday, the sources said. These locations included the corporate offices of RFL, M3M India Holdings, RHC Holding Pvt Ltd, Hillgrow Infrastructure Pvt Ltd, Dion Global Solutions, and Prius Commercial.
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Documents, digital data seized
Large-scale proceeds of crime derived from illegal activity have been identified, according to officials, who also stated that “incriminating” documents, including digital evidence, were found during the searches.
Sunil Godhwani, the CMD of Religare Enterprises Ltd., and former Fortis promoters Malvinder and Shivinder Mohan Singh were arrested by ED in connection with their money laundering case, which originated from a Delhi Police Economic Offenses Wing (EOW) FIR.
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