Ludhiana: Various teams of the Enforcement Directorate’s (ED) zonal office in Jalandhar on Tuesday raided the residences and offices of Ludhiana-based liquor baron Charanjit Bajaj and his associates in connection with an old bank fraud case, officials said. The raids were carried out at more than 10 premises of the Bajaj family and their associates.
According to sources, the ED carried out this raid in connection with a old case registered against M/s Pure Milk Products in 2019 by the CBI, in which Bajaj and his wife were directors.
The company had allegedly defrauded the State Bank of India of Rs 73.41 crore and was based on a complaint filed by the bank officials. The ED had registered a case against Bajaj and raided his properties.
According to sources, during the search, the case will be investigated from the angle of the Money Laundering Act.