Archive · 11 Dec 2025
ED raids in ₹108-crore dairy fraud case
The Enforcement Directorate raided several places in Maharashtra to investigate a big fraud case involving a dairy company.
The company, Vidyanand Dairy, and its related agro business, allegedly cheated investors out of over Rs 108 crore.
The company's promoters, Anand and Vidya Lokhande, are accused of tricking investors by promising high returns and land as security, which they never delivered.
The raids were conducted to gather evidence and find out where the money went.
Investors say they were promised a lot of money but never got it back.
The accused are currently absconding.
The Enforcement Directorate conducted raids in Maharashtra as part of a money laundering investigation linked to Vidyanand Dairy Pvt. Ltd. and Vidyanand Agro Feed Pvt. Ltd.
The investigation targets Anand Satish Lokhande and his sister Vidya Satish Lokhande, who are accused of defrauding investors of over Rs 108 crore.
Premises belonging to the accused were searched in Baramati, Indapur, and Pune, seizing business records, digital devices, and financial documents.
The case involves allegations of cheating, diversion of investor funds, and use of forged documents, with investors suffering significant financial losses.
The raids were conducted under the Prevention of Money Laundering Act (PMLA), and the seized documents will help reconstruct the financial trail.
- Who
- Enforcement Directorate, Anand Satish Lokhande, Vidya Satish Lokhande, Investors
- What
- Raids on premises linked to a dairy investment fraud case
- When
- December 10
- Where
- Maharashtra (Baramati, Indapur, Pune)
- Why
- Investigation into an alleged investor fraud valued at over Rs 108 crore
Investors
Accused
Investment Returns
Investors
Investors claim they were promised high returns and land as security, which were not delivered.
Accused
The accused allegedly diverted funds for personal and unrelated business expenditures.
Business Practices
Investors
Investors allege that the accused engaged in deception, including issuing bounced cheques and submitting forged documents.
Accused
The accused projected their businesses as highly profitable ventures to lure investors.
- Agency
- Enforcement Directorate
- Locations Raided
- Baramati, Indapur, Pune
- Companies Involved
- Vidyanand Dairy Pvt. Ltd., Vidyanand Agro Feed Pvt. Ltd.
- Accused
- Anand Satish Lokhande, Vidya Satish Lokhande
- Amount Defrauded
- Over Rs 108 crore
- Law Used
- Prevention of Money Laundering Act (PMLA)
- Complaints Filed
- Three complaints with Mumbai Police Economic Offences Wing (EOW) and Pune Police
- Primary Complaint
- Baramati Dairy Pvt Ltd (BDPL) alleges losses of Rs 10.21 crore
