Overview

• On August 1, the Enforcement Directorate searched three Biswal Tradelink premises in Bhubaneswar and an associate location in Kolkata, seizing critical documents and electronic devices.
• Investigators are probing a ₹68.2 crore bank guarantee submitted to SECI on behalf of Reliance NU BESS Limited that agency sources allege was forged.
• The Odisha-based firm is accused of issuing fake guarantees for an 8 percent commission and operating as a paper entity with no real office records.
• ED has written to the National Internet Exchange of India for registration details of the spoofed “s-bi.co.in” domain and is examining Telegram’s disappearing messages.
• The probe is expanding as forensic auditors review seized digital and paper records to map transaction trails and uncover further participants.