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
- GST Council Meeting Today!! Swiggy, Zomato Delivery Charges May Become Cheaper
- 18% GST on Services Provided by Finance Companies to Banks
- India’s Diesel Exports Hit One-Year High in September
- RBI Raises Interest Rate After Nearly Four Years, Loans Could Become Costlier
- Gold Gets Costlier, Silver Demand Rises in this Festiva Season : Report


