ED raids 12 locations across Panckula, says unauthorised email IDs used by bank officials to obtain approvals
Indian Express·1h ago·Neutral
What Happened
The Enforcement Directorate raided 12 premises across Panchkula, Chandigarh, Zirakpur, Dera Bassi, and Rajpura investigating an alleged Rs 145-crore Municipal Corporation fraud. Bank officials allegedly used unauthorised email IDs to obtain approvals using forged authorisation letters. Seized documents linked money laundering involving collusion between Kotak Mahindra Bank officials, municipal staff, and private individuals.
Key Entities
Enforcement Directorate (ED)Panchkula Municipal CorporationKotak Mahindra BankDileep Kumar RaghavPushpinder SinghVikas KaushikRs 145 croreChandigarh