Rs 273 crore bank fraud case: ED conducts raids across 10 locations in Delhi and Madhya Pradesh

The Enforcement Directorate (ED) has conducted raids at ten locations in Delhi and Madhya Pradesh concerning a Rs 273 crore bank fraud case involving IFCI loans. The company allegedly siphoned off funds to related entities lacking genuine business operations. In a separate matter, the ED filed documents related to the National Herald case, with a hearing scheduled for September 16.