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From Deccan Herald

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Enforcement Directorate raids five premises in Bengaluru over fake drugs racket

Enforcement Directorate raids five premises in Bengaluru over fake drugs racket

What's behind this

The Enforcement Directorate (ED) has registered a money‑laundering case against media baron and former Rajya Sabha MP Subhash Chandra under the Prevention of Money‑Laundering Act (PMLA). The case stems from a CBI FIR that was filed after a complaint by Life Insurance Corporation Housing Finance Ltd (LICHFL), alleging Chandra’s involvement in a loan fraud of Rs 1,322 crore.

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    ED raids five premises in Bengaluru over fake drugs racket

    — Deccan Herald

RSS excerpt

ED raids five premises in Bengaluru over fake drugs racket

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Reported by a single newsroom so far. Other outlets have not independently corroborated this story yet.

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