ED searches Religare Finvest Offices In Alleged Rs 2,000 Cr Diversion Case
The Enforcement Directorate (ED) conducted searches at Religare Finvest offices in Delhi NCR over two days, reportedly linked to an investigation into the alleged diversion of Rs 2,000 crore funds. Speaking to a media house, official sources stated that the searches covered several premises, including RFL, M3M India Holdings, RHC Holding Pvt, Hillgrow Infrastructure Pvt, Dion Global Solutions, Prius commercial and others. According to reports, the agency seized incriminating documents and digital evidence during these searches.
During the operation, the ED uncovered various incriminating documents, including digital evidence, and identified significant proceeds from illicit activities. This action follows an ECIR registered by the agency based on an FIR lodged by the Economic Offences Wing of the Delhi Police. The ED had previously arrested three individuals - Malvinder Mohan Singh, Shivinder Mohan Singh and Sunil Godhwani. In connection with the alleged siphoning/diversion of substantial funds exceeding Rs 2,000 crore from Religare Finvest (RFL), the ED carried out searches at nine locations in Delhi NCR.
