Pune (Maharashtra) [India], December 10 (ANI): The Enforcement Directorate (ED) on Wednesday carried out searches at 5 locations in Maharashtra’s Baramati and Pune districts linked to an alleged multi-crore fraud within the dairy sector.
The raids are underway on the premises belonging to Anand Satish Lokhande, Vidyanand Dairy Pvt Ltd and Vidyanand Agro Feed Pvt Ltd and professionals. The locations being searched embrace two in Baramati, two in Pune and one within the Indapur space in Pune.
ED’s Mumbai zonal workplace is conducting the searches beneath part 17 of the Prevention of Money Laundering Act,2022, following its investigation primarily based on three FIRs registered within the Maharashtra police.
As per the FIRs, the entire alleged monetary fraud dedicated is Rs 108.30 crores.
‘It is alleged that Anand Satish Lokhande and his relations defrauded varied harmless traders by entities resembling Vidyanand Dairy Pvt Ltd, Vidyanand Agro Feed Pvt Ltd, and others by projecting the enterprise of those entities as extremely worthwhile ventures producing substantial revenues from dairy operations, cattle feed buying and selling, and milk procurement,’ officers stated.
Relying on these representations, the officers, aware about the event, stated the complainants invested substantial quantities in varied schemes associated to the aforesaid actions.
‘It is additional alleged that after acquiring these funds, the accused didn’t utilise the cash for the acknowledged enterprise functions and as a substitute diverted and circuitously routed the quantities by a number of accounts and entities,’ they added.
Meanwhile in Delhi in a separate case, ED has filed a Prosecution Complaint or chargesheet towards former Delhi Minister and Aam Aadmi Party (AAP) chief Satyendar Jain and 13 others in a Rs 17.70 crore cash laundering case in reference to an alleged corruption case involving the award of 4 tenders associated to Sewage Treatment Plants (STPs) of the Delhi Jal Board (DJB).
Besides Jain, the then Water Minister of Delhi and Chairman of DJB, the prosecution grievance is filed towards the then Delhi Jal Board CEO Udit Prakash Rai, former DJB member Ajay, then Delhi Jal Board Chief Engineer Satish Chandra Vashishth, and different non-public individuals and entities beneath the provisions of the Prevention of Money Laundering Act (PMLA), 2002. (ANI)