ED Searches 3 Premises of Essel Group Companies in Rs150 Crore Religare Finvest Funds Diversion Case

ED Searches 3 Premises of Essel Group Companies in Rs150 Crore Religare Finvest Funds Diversion Case
ED Searches 3 Premises of Essel Group Companies in Rs150 Crore Religare Finvest Funds Diversion Case

The enforcement directorate (ED) on Thursday conducted search operations at three premises in Mumbai belonging to six companies from the Essel group and its former senior officials. The search operations were carried out in the matter of siphoning off or diverting Rs150 crore from Religare Finvest Ltd (RFL), a non-banking finance company (NBFC), from the Religare group.  In a release, ED says, “The premises covered during the search operation belong to Konti Infrapower & Multiventures Pvt…
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Source: https://www.moneylife.in/article/ed-searches-3-premises-of-essel-group-companies-in-rs150-crore-religare-finvest-funds-diversion-case/73226.html