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The Enforcement Directorate conducted searches at 24 locations in Rajasthan and Gujarat in connection with a Rs 2700 crore money laundering case.
Representative image used for Enforcement Directorate (Image: PTI)
The Enforcement Directorate (ED) on Thursday conducted searches at around 24 locations in Rajasthan and Gujarat. The raids were carried our in connection with a money laundering case involving Rs 2,700 crore.
According to sources, the ED were carrying out searches in several areas in Rajasthan, including in Sikar, Jaipur, Jodhpur and Jhunjhunu,. While raids were also carried out in Gujarat’s Ahmedabad.
It is learnt that that thousands of people were defrauded through a project named “Nexa Evergreen.” Sources said the investors were promised either a flat, land, or higher returns after a certain period in exchange for investing money in the project.
In regard to the scam, hundreds of FIRs had already been registered by the Rajasthan Police against the accused. The central probe agency were conducting search operations under the Prevention of Money Laundering Act (PMLA).
The raids are currently underway. More details are awaited.
Manisha Roy is a Senior Sub-Editor at News18.com’s general desk. She comes with an experience of over 5 years in media industry. She covers politics and other hard news. She can be contacted at Manisha.Roy@nw18…Read More
Manisha Roy is a Senior Sub-Editor at News18.com’s general desk. She comes with an experience of over 5 years in media industry. She covers politics and other hard news. She can be contacted at Manisha.Roy@nw18… Read More
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