Overview

• The ED conducted coordinated raids at 15 locations, including Forest Department offices, construction firms, and private residences in Ranchi, Bokaro, and Bihar.
• The investigation centers on the alleged illegal transfer and laundering of proceeds from 117 acres of forest land in Bokaro district.
• Key targets of the raids included businessmen Vimal Agarwal and Puneet Agarwal, their construction firm Rajveer Construction, and other entities linked to the scam.
• The land is at the heart of a legal dispute, with the Forest Department claiming it as protected forest land and buyers asserting it was legally purchased during a 1933 government auction.
• The ED is examining financial records and is expected to summon Forest Department and Bokaro Steel Limited officials for questioning in the coming days.