Archive · 17 Sep 2025
ED Attaches ₹27 Crore Property of Ranjeet Automobiles in Bhopal
The government's Enforcement Directorate (ED) has taken action against Ranjeet Automobiles in Bhopal.
They attached a property worth over 27 crore rupees.
This happened because the company is accused of money laundering.
The ED started investigating after a case by the CBI.
The company took a loan from Bank of Baroda, initially for 7.50 crore rupees, later increased to 42 crore.
Instead of using the money for business, the company allegedly moved the funds to other businesses.
The ED believes the company used the funds to acquire the attached property and repay existing loans.
ED attached an immovable property of M/s Ranjeet Automobiles in Bhopal.
The property is located on NH-12, Misrod, Bhopal and valued at ₹27.30 Crore.
The action was taken under the provisions of Prevention of Money Laundering Act (PMLA).
The ED initiated its probe based on an FIR registered by the CBI, STB, Bhopal.
The accused defrauded Bank of Baroda of ₹34.36 Cr by availing a Cash Credit Limit.
- Who
- ED and M/s Ranjeet Automobiles
- What
- ED attached an immovable property
- When
- September 16, 2025
- Where
- NH-12, Misrod, Bhopal
- Why
- Due to fraud involving a cash credit limit from Bank of Baroda.
- Attached Property Value
- ₹27.30 Crore
- Property Location
- NH-12, Misrod, Bhopal
- Attachment Authority
- Directorate of Enforcement (ED), Bhopal Zonal
- Law Under Which Action Taken
- Prevention of Money Laundering Act (PMLA)
- Original FIR Agency
- CBI, STB, Bhopal
- Bank Defrauded
- Bank of Baroda
- Amount of Fraud
- ₹34.36 Crore
- Cash Credit Limit
- ₹7.50 Crore (initially), increased to ₹42 Crore