ED concludes searches in Religare Finvest Limited case
The Hindu
ED concludes money laundering investigation linked to ₹2,000 crore diverted from Religare Finvest. 9 locations in Delhi-NCR raided, incriminating documents seized.
The Enforcement Directorate (ED) concluded its searches in a money laundering investigation linked to the alleged diversion of funds worth more than ₹2,000 crore from Religare Finvest Limited (RFL), official sources said on January 6.
The agency launched the raids on Jan. 5, and searched nine locations in Delhi-NCR, including the corporate offices of RFL, M3M India Holdings, RHC Holding Pvt Ltd, Hillgrow Infrastructure Pvt Ltd, Dion Global Solutions and Prius commercial, the sources said.
Officials said that "incriminating" documents, including digital evidence, were seized during the searches and large-scale proceeds generated out of criminal activities have been identified.
The ED's money laundering case stems from a Delhi Police Economic Offences Wing (EOW) FIR and the agency had arrested Malvinder Mohan Singh and Shivinder Mohan Singh, ex-Fortis promoters, and Sunil Godhwani, the CMD of Religare Enterprises Ltd.
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