Chennai: The Enforcement Directorate (ED) has carried out search operations at multiple locations in Chennai, Kancheepuram, Goa, Kolkata, and Mumbai on September 2 and 3 in connection with a ₹637.58 crore bank fraud linked to M/s Arvind Remedies Ltd.
According to ED press release the raids, conducted under the PMLA, 2002, targeted the premises of company promoters, dummy directors, and key associates. Officials seized incriminating documents, digital evidence, and property papers, while also freezing ₹15 lakh worth of shares in listed and unlisted firms.