ED conducts searches at multiple locations in Religare Finvest
The agency also raided premises of chairperson Rashmi Saluja and seized several documents
New Delhi, August 23
The Enforcement Directorate (ED) conducted searches earlier this week at multiple premises linked to the senior officials Religare Enterprises (REL).
The agency also raided premises of chairperson Rashmi Saluja and seized several documents.
The search operations were also conducted related to CFO Nitin Aggarwal, group general counsel Nishant Singhal, and Religare Finvest COO Chirag Jain.
The investigation is related to allegations of funds being siphoned off from Religare Finvest, a non-banking financial company (NBFC) of the Religare Group, the sources further added.
The ED's case originated from a first information report (FIR) filed by Vaibhav Gawli, an office assistant at a pet cafe in Mumbai, alleging that funds were siphoned from Religare Finvest.
The complaint accused former REL promoters Shivinder Singh and Malvinder Singh, and certain Burman family members - who had made an open offer to acquire a 26% stake in REL among others.
