Overview
- On September 3, the ED searched nearly 18 premises across Raipur, Durg, Bhilai and Bilaspur in a DMF fund probe involving vendors, contractors and middlemen, with links cited to the Chhattisgarh Beej Nigam and the earlier arrest of IAS officer Ranu Shahu.
- On September 2, investigators raided about 10 locations in Delhi and Pune tied to Gupta Exim India Pvt. Ltd., probing an alleged Rs 425 crore loan diversion to shell or unrelated affiliate firms after a Punjab National Bank complaint led to a CBI FIR.
- Also on September 2, searches covered premises in Chennai, Kanchipuram, Kolkata and Goa in a case against Arvind Remedies and promoter Arvind B. Shah over an alleged Rs 637 crore fraud against a bank consortium led by PNB.
- For the Arvind Remedies inquiry, the ED reviewed company reports from 2009–10 to 2014–15 and analysed around 294 bank accounts to build a money trail that points to siphoning through dummy entities controlled by promoters.
- Officials reported seizures of documents and electronic evidence during the September 2 operations, while the Chhattisgarh searches were ongoing with no fresh arrests or asset attachments announced.