ED Raids 13 Locations in NRI Housing Loan Fraud Case.

Searches across Delhi-NCR, Bengaluru and Chandigarh target alleged money laundering involving forged loan documents.   The Enforcement Directorate (ED) on Friday conducted searches at 13 locations across Delhi-NCR, Bengaluru and Chandigarh in connection with an alleged money laundering case involving fraudulent housing loans obtained in the names of Non-Resident Indians (NRIs) using forged documents. The searches were carried out under the Prevention of Money Laundering Act (PMLA), with assistance from police and other security personnel. The operation covered premises linked to Antriksh Promoters and Developers Pvt Ltd and Sunshine Infrawell Pvt Ltd, officials said. According to officials familiar with the investigation, the agency is examining suspected financial irregularities and tracing funds allegedly connected to the offence. The probe aims to establish the role of the entities involved and determine the extent of the suspected fraud. During the searches, the ED may seize relevant documents and digital evidence in accordance with the law. Such material could help investigators trace financial transactions and establish the alleged money trail. Further details regarding the suspected amount involved and the outcome of the searches were not immediately available. The allegations remain under investigation.