The Enforcement Directorate (ED) conducted search operations at multiple locations in Maharashtra and Gujarat as part of a money laundering case investigation, officials stated on Thursday. These searches, conducted under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, targeted 10 locations across the two states.
During these operations, ED teams seized gold items valued at around Rs 8 lakh, along with cash totaling Rs 1.83 lakh, and various incriminating materials associated with M/S Lompire and others. Additionally, incriminating materials and related bank accounts were also confiscated by the ED sleuths.
The investigation into the company was initiated by the Enforcement Directorate following an FIR filed by the CBI's Anti-Corruption Bureau in Gandhinagar, which implicated unknown partners of M/s Lompire, unknown partners of M/s Invert Triangle, and others. These entities are accused of engaging in criminal conspiracy, theft, cheating, and forgery, resulting in a wrongful loss of approximately Rs. 11.17 crore to Bank of India and Temple Tree Investment Private Limited.
As part of its investigation, the ED analyzed numerous bank account statements of the beneficiaries to trace the end use of the fraudulently obtained funds. The agency continues to pursue further investigation into the matter.
