Archive · 24 Jul 2026
ED raids in UP, Delhi, Punjab over Rs 450-crore bank fraud
The Enforcement Directorate is conducting raids in Uttar Pradesh, Delhi, and Punjab as part of an investigation into a Rs 450-crore bank loan fraud case.
The raids are targeting a company called Santosh Overseas Ltd., its promoters, and linked entities.
The agency is looking into allegations of money laundering and financial misconduct.
This action is part of the government's efforts to prevent and address financial crimes.
The Enforcement Directorate conducted raids in Uttar Pradesh, Delhi, and Punjab.
The raids are part of a money laundering investigation into a Rs 450-crore bank loan fraud case.
The Lucknow zonal office of the Enforcement Directorate raided eight premises.
The investigation targets Santosh Overseas Ltd., its promoters, and linked entities.
The action aims to prevent and address financial crimes.
- Who
- Enforcement Directorate, Santosh Overseas Ltd., its promoters and linked entities
- What
- Raids conducted as part of a money laundering investigation into a Rs 450-crore bank loan fraud case
- When
- July 24
- Where
- Uttar Pradesh, Delhi, Punjab
- Why
- To investigate and prevent financial crimes
Government Action
Corporate Entity
Legal Action
Government Action
The Enforcement Directorate is conducting raids to investigate and prevent financial crimes.
Corporate Entity
The company and its promoters are under investigation for alleged financial misconduct.
- Agency Conducting Raids
- Enforcement Directorate
- Location of Raids
- Uttar Pradesh, Delhi, Punjab
- Amount Involved
- Rs 450-crore
- Company Under Investigation
- Santosh Overseas Ltd.
- Nature of Case
- Bank loan fraud