Rs 700-Cr Bank Fraud: ED raids Samajwadi leader Vinay Tiwari's properties
The Enforcement Directorate (ED) conducted raids at 10 locations linked to Samajwadi Party leader Vinay Tiwari in connection with a Rs 700 crore bank fraud. Tiwari, a former MLA and promoter of Gangotri Enterprises, is being investigated for large-scale financial irregularities. The searches were carried out under the Prevention of Money Laundering Act (PMLA).
New Delhi [India], April 7 (ANI): On Monday, the Enforcement Directorate (ED) conducted searches at 10 sites in Uttar Pradesh, Delhi, and Mumbai concerning a Rs 700 crore bank fraud case linked to former MLA and Samajwadi Party leader Vinay Shankar Tiwari.
Tiwari, who is a promoter of Gangotri Enterprises, is under investigation for his alleged role in large-scale financial irregularities. The firm, known for securing government contracts, is reportedly at the center of the suspected fraud.
The ED's action comes as part of its ongoing crackdown on economic offenses.
ED's multiple teams carried out simultaneous searches at premises linked to Tiwari across Delhi, Uttar Pradesh and Mumbai based on a specific input under the Prevention of Money Laundering Act (PMLA). (ANI)