New Delhi: The Enforcement Directorate (ED) completed its searches on Saturday money laundering investigation connected to alleged misappropriation of funds Official sources said Religare Finvest Ltd (RFL) is worth more than Rs 2,000 crore. The agency had launched raids on Friday and conducted searches at nine locations including Delhi-NCR corporate office RFL, M3M India Holdings, RHC Holding Pvt Ltd, Hilgro Infrastructure Pvt Ltd, Dion Global Solutions and Prius Commercial, sources said.
The raid ended on Saturday.
Officials said “incriminating” documents were also included. digital evidenceLarge scale proceeds of crime arising from criminal activities have been seized during the searches and identified.
The ED’s money laundering case stems from an FIR by the Economic Offenses Wing (EOW) of Delhi Police and the federal agency had arrested former Fortis promoters Malvinder Mohan Singh and Shivinder Mohan Singh and Religare Enterprises Ltd CMD Sunil Godhwani.
The raid ended on Saturday.
Officials said “incriminating” documents were also included. digital evidenceLarge scale proceeds of crime arising from criminal activities have been seized during the searches and identified.
The ED’s money laundering case stems from an FIR by the Economic Offenses Wing (EOW) of Delhi Police and the federal agency had arrested former Fortis promoters Malvinder Mohan Singh and Shivinder Mohan Singh and Religare Enterprises Ltd CMD Sunil Godhwani.
