The Enforcement Directorate (ED) concluded its searches in a cash laundering investigation linked to the alleged diversion of funds value greater than ₹2,000 crore from Religare Finvest Limited (RFL), official sources mentioned on January 6.
The company launched the raids on Jan. 5, and searched 9 places in Delhi-NCR, together with the company places of work of RFL, M3M India Holdings, RHC Holding Pvt Ltd, Hillgrow Infrastructure Pvt Ltd, Dion Global Solutions and Prius business, the sources mentioned.
Officials mentioned that “incriminating” paperwork, together with digital proof, had been seized throughout the searches and large-scale proceeds generated out of felony actions have been recognized.
The ED’s cash laundering case stems from a Delhi Police Economic Offences Wing (EOW) FIR and the company had arrested Malvinder Mohan Singh and Shivinder Mohan Singh, ex-Fortis promoters, and Sunil Godhwani, the CMD of Religare Enterprises Ltd.