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An official release from the ED stated that the company has not prepared its financial statements since the financial year 2020-21 and has not got the accounts, audited which is mandatory.
The ED statement said during the raids at three locations (two business and one residential)
The ED has seized 119 bank accounts, two luxury vehicles, and some insurance policies following multi-city raids against the promoters of Bihar-based real estate company.
"ED raided multiple locations in Pune related to the sugar mill irregularities case," an official informed. Earlier in the month of January the Enforcement Directorate (ED) raided NCP leader and former minister Hasan Mushrif's house and office in Pune and Kolhapur in connection with the sugar mill corruption case.
Enforcement Directorate's (ED) fresh action in Chhattisgarh has stroke a 'war of words' in the political arena here as Chief Minister Bhupesh Baghel called the raids a politically motivated move.