The New Indian Express ·
Bank 'fraud' case: ED raids against Gaya-based Hotel group, promoters
The Enforcement Directorate (ED) on Friday conducted searches at nine locations across Bihar, Haryana and Delhi as part of a money-laundering investigation into an alleged bank loan fraud involving Gaya-based hotel group Ramnandi Hotels and Resorts Ltd (RHRL).
The searches were carried out against RHRL, its director Akhouri Gopal, and his sons, Nishant and Nitesh, officials said.
The money-laundering investigation stems from a First Information Report (FIR) and chargesheet filed by the Central Bureau of Investigation (CBI), which estimated the alleged proceeds of crime at Rs 131.79 crore.
