Enforcement Directorate has taken action in the RFL money laundering case. In this action, ED has searched several places simultaneously, including the offices of Religare Finvest Limited and RHC Holdings.
Raids at nine places simultaneously
ED has The action took place late evening on Friday. ED has taken this action in the RFL (Religare Finvest Limited) money laundering case of more than Rs 2000 crore. According to news agency PTI, sources related to the matter gave this information on Saturday. According to the report, ED searched nine places simultaneously.
ED got many documents
According to the information received, ED started the search on Friday and completed the search on Saturday. The action continued till morning. In this action of ED, many documents were found and the investigating agency also got evidence related to money laundering. During this action of ED, it was also found out how the money of money laundering was used.
The company gave this information
On the other hand, Religare says that This action of ED has taken place after the complaint made by the company itself. The company told the stock exchange that the current management of Religare Finvest Limited had filed a complaint with the ED regarding the ongoing investigation of the corporate loan book, so that the investigation process can proceed expeditiously. On the basis of that, ED took this action.
Investigation is going on since 2019
Let us tell you that the company has booked former promoters of Religare, Malvinder Mohan Singh, Shivinder Mohan Singh and their associates. There is an allegation of misappropriation of funds. ED investigation is going on in this regard. ED’s investigation into the RFL money laundering case started in 2019. Many people including Malvinder Mohan Singh and Shivinder Mohan Singh have already been arrested in this case.
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