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ED Searches 3 Premises of Essel Group Companies in Rs150 Crore Religare Finvest Funds Diversion Case

The enforcement directorate (ED) on Thursday conducted search operations at three premises in Mumbai belonging to six companies from the Essel group and its former senior officials. The search operations were carried out in the matter of siphoning off or diverting Rs150 crore from Religare Finvest Ltd (RFL), a non-banking finance company (NBFC), from the Religare group.

Essel Group companies searched by Enforcement Directorate | India News

India News: Enforcement Directorate conducted searches on premises of three Essel Group companies in Mumbai based on a complaint by Religare regarding alleged money laundering. The investigation is related to the siphoning off of funds from Religare Finvest by Essel Group entities. The ED has recovered incriminating documents and recorded statements of officials. Essel Group denies any wrongdoing.

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