Business News
Home > Business News
ED raids 10 locations of Omkar group in Mumbai
TIWN
TIWN
PHOTO : TIWN
Mumbai, Jan 25 (TIWN) The Enforcement Directorate (ED) on Monday carried out raids at 10 locations in Mumbai linked to the Omkar Group builders and its officials Babulal Verma and Kamal Kishore Gupta in connection with a money laundering case.
An ED official wishing not to be named told IANS, "Today ED's raids included seven residential and three office premises belonging to Omkar Group, one of the leading builders in Mumbai." The official said that the premises raided included those of Verma and Gupta. The official said that the group is alleged to have misused various permissions given under SRA schemes. The group also diverted around 450 crores taken by way of loan from Yes bank.
Add your Comment
Comments (0)
More Business News
- Govt directs NCCF, NAFED to start buying 5 lakh tonnes of onion directly from farmers
- Adani Green Energy Gallery in UK to explore sustainable energy options to fight climate change
- Elon Musk thought that OpenAI would fail: Sam Altman
- India’s forex reserves surge for 3rd week in row to touch $642.5 billion mark
- DGCA imposes Rs 80 lakh fine on Air India for flight duty timing violations