The Enforcement Directorate (ED) conducted searches on Essel Group-linked entities in relation to money laundering involving Religare Finvest Ltd. The Religare group granted ₹150 crore loans to Essel companies in 2014, allegedly defaulted through a fraudulent settlement agreement in 2018.
Get latest articles and stories on India at LatestLY. The Enforcement Directorate on Thursday said it raided companies of the Essel Group in Mumbai and recovered "incriminating" documents as part of its ongoing money investigation linked to alleged diversion of funds worth over Rs 2,000 crore from Religare Finvest Limited (RFL). India News | ED Searches Essel Group Companies in RFL Money Laundering Case.
India News: Enforcement Directorate conducted searches on premises of three Essel Group companies in Mumbai based on a complaint by Religare regarding alleged money laundering. The investigation is related to the siphoning off of funds from Religare Finvest by Essel Group entities. The ED has recovered incriminating documents and recorded statements of officials. Essel Group denies any wrongdoing.
ED searches Essel Group companies in RFL money laundering case devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
ED searches Essel Group companies in RFL money laundering case deccanherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deccanherald.com Daily Mail and Mail on Sunday newspapers.