The Hindu·2 min read·medium
ED conducts raids in Uttar Pradesh, Delhi and Punjab in ₹450-crore bank loan 'fraud'
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PTI
✦AI Summary
The Enforcement Directorate has conducted raids across Uttar Pradesh, Delhi, and Punjab as part of a money-laundering investigation into a 450-crore bank loan fraud. The probe targets Santosh Overseas Limited and its promoters for allegedly diverting loan funds through shell companies.
“The Enforcement Directorate (ED) on Friday (July 24, 2026) conducted raids in Uttar Pradesh, Delhi and Punjab as part of a money-laundering investigation into a ₹450-crore bank loan fraud case,” officials said.
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