Bank 'Fraud' Case: ED Raids Against Gaya-Based Hotel Group, Promoters
10 Articles
10 Articles
ED raids hotel group in Bihar, Haryana, Delhi over Rs 131-crore loan fraud
The ED searched nine premises linked to Ramnandi Hotels and its promoters in Bihar, Gurugram and Delhi. The agency suspects loan diversion and undervalued property sales were used to shield assets from attachment.
Bank 'fraud' case: ED raids against Gaya-based Hotel group, promoters
Patna, Sep 11 (PTI) The Enforcement Directorate on Friday conducted searches at multiple locations in Bihar, Haryana and Delhi as part of a money laundering investigation against a Gaya-based hotel group for an alleged bank loan fraud, officials said. The action is being carried out against the Ramnandi Hotels and Resorts Ltd. (RHRL), its director […]
ED raids Ramnandi Hotels in alleged Rs 132-crore bank fraud case; 9 locations searched
The Enforcement Directorate searched nine locations across three states in an alleged bank fraud case. Ramnandi Hotels and Resorts Ltd is accused of diverting Rs 58 crore from bank loans. The company allegedly used fake reports and personal guarantees to secure these funds. Five pledged properties were reportedly sold at undervalued prices recently. The agency suspects these actions aimed to prevent asset attachment and recover crime proceeds.
The Enforcement Directorate (ED) has taken major action against Ramanandi Hotels and Resorts Limited. In this case, a loan of ₹85 crore was taken, of which ₹58 crore was allegedly diverted on the basis of forged documents. The ED registered a case in Patna on September 11 under Section 17 of the PMLA […]
The ED has raided nine locations, including Akhuri Gopal's Ramnandi Hotels, in connection with a bank fraud case. In the approximately ₹131 crore scam, ₹58 crore was diverted through fake reports.
The Enforcement Directorate (ED) has taken major action against a hotel group of Gaya in the case of bank loan fraud and money laundering. The ED team raided several locations related to Ramanandi Hotels and Resorts Limited (RHRL) in Gaya and Bodhgaya on Friday. The investigation team also reached the premises related to the company's director Akhori Gopal and his sons Nishant and Nitesh. This action of ED has been taken under the Prevention of …
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