Overview
- The Enforcement Directorate searched 14 locations across Mumbai and Thane after registering an ECIR under the Prevention of Money Laundering Act.
- Targets included premises linked to former director Rajendra Lodha, associates, and firms tied to suspected land and TDR transactions.
- Officials seized documents, financial records, and digital data to trace alleged proceeds of crime, with analysis ongoing.
- The investigation stems from a company complaint alleging unauthorized sales, undervalued property deals, and bogus acquisitions between 2013 and 2025 causing about Rs 85 crore in losses.
- Rajendra Lodha was arrested by the Mumbai Police Crime Branch in September, and Wednesday’s searches were continuing at the time of reporting.