The Directorate of Enforcement (ED) carried out extensive search operations across 14 locations in the Mumbai region on Wednesday as part of its money-laundering probe against Rajendra Narpatmal Lodha, former director of Lodha Developers, and others. The searches, conducted under the Prevention of Money Laundering Act (PMLA), 2002, resulted in the seizure and freezing of movable assets valued at approximately Rs 59 crore, including cash, bank balances, and fixed deposits. Officials also recovered incriminating documents, digital devices, and details of immovable assets worth several crores. Advertisement

The money-laundering investigation stems from a series of FIRs registered by the Mumbai Police against Lodha and several associates under various sections of the Bharatiya Nyaya Sanhita

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