Overview
- Searches covered two premises in Pune, two in Baramati and one in Indapur under Section 17 of the Prevention of Money Laundering Act.
- Targets included properties linked to promoter Anand Satish Lokhande, Vidyanand Dairy Pvt Ltd and Vidyanand Agro Feed Pvt Ltd.
- Officials said investigators seized financial records and digital data to trace suspected fund flows through multiple accounts and entities.
- Complaints cite investors lured by promises of strong returns from dairy operations, cattle feed trading and milk procurement.
- Baramati Dairy Pvt Ltd separately alleged a loss of Rs 10.21 crore, while sources reported some senior government officials also suffered losses.