29 July 2024

The Directorate of Enforcement (ED), Nagpur, has filed a Prosecution Complaint under the Prevention of Money Laundering Act against M/s Rajmal Lakhichand Jewelers Pvt. Ltd. and others for a bank fraud totaling Rs. 352.49 Crore. Investigations revealed falsified financials, round-tripping transactions, and unauthorized property sales. Assets worth Rs. 315.60 Crore have been provisionally attached. The case involves multiple fraudulent activities, including the seizure of significant assets and ongoing investigations.