Archive · 24 Jul 2025
ED Raids SEW Infrastructure for Alleged Bank Fraud
The Enforcement Directorate (ED) is looking into a case of financial fraud.
They suspect M/s SEW Infrastructure Ltd.
and related companies of misusing money from loans.
The ED searched several locations in Hyderabad and found evidence of money being moved around improperly.
They also seized documents and property.
In addition, the ED froze a number of bank accounts to prevent further misuse of funds.
Enforcement Directorate (ED) conducted search operations at six locations in Hyderabad.
The operations were related to a bank fraud case against M/s SEW Infrastructure Ltd.
The ED investigated alleged siphoning and diversion of loan funds.
Documents indicating fund diversion and property documents worth Rs 120 Crore were seized.
33 bank accounts belonging to the companies and directors were frozen.
- Who
- Enforcement Directorate (ED), M/s SEW Infrastructure Ltd., and related companies and directors.
- What
- The Enforcement Directorate (ED) conducted search operations related to a bank fraud case.
- When
- Not explicitly mentioned in the article.
- Where
- Hyderabad
- Why
- To investigate alleged siphoning and diversion of loan funds.
- Involved Parties
- M/s SEW Infrastructure Ltd., M/s Prasad & Company (Project Works) Pvt. Ltd., and their promoters/directors
- Location of Searches
- Hyderabad
- Reason for Investigation
- Bank fraud, siphoning, and diversion of loan funds
- Value of Seized Assets
- Around Rs 120 Crore
- Number of Frozen Bank Accounts
- 33