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Home / Punjab / Ed Conducts Raids In Punjab Delhi Up In Rs 450 Crore Bank Loan Fraud

ED conducts raids in Punjab, Delhi, UP in Rs 450-crore bank loan ‘fraud’

The premises being searched include those of the promoters, associated companies and facilitators
Animesh Singh
Tribune News Service
New Delhi, Updated At : 10:42 AM Jul 24, 2026 IST
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The Enforcement Directorate (ED) on Friday morning conducted searches on eight premises across Delhi, Punjab and Uttar Pradesh in connection with the investigation against M/s Santosh Overseas Ltd and its related entities.

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The premises being searched include those of the promoters, associated companies and facilitators.

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The ED investigation arises from a CBI case relating to an alleged bank fraud involving approximately Rs 450 crore availed from a consortium of banks.

Investigation has revealed that the loan funds were allegedly diverted and layered through a network of shell entities, accommodation entry operators and related companies by way of fake invoices and circular financial transactions.

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#BankLoanFraud#DelhiPunjabUP#FinancialInvestigation#HawalaDealers#LoanFraud#SantoshOverseasLimited#SantoshOverseasLtd#ShellEntitiesBankFraudCBICBIInvestigationEDInvestigationEDRaidsEnforcementDirectorateFakeInvoicesfinancialcrimeMoneyLaunderingPMLA

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