🚨 ED raids Ramnandi Hotels in ₹132 Cr fraud probe
The Enforcement Directorate (ED) conducted searches across nine locations in Bihar, Haryana, and Delhi on Friday. The raids were connected to an alleged bank fraud involving Ramnandi Hotels and Resorts Ltd (RHRL), which is controlled by Akhouri Gopal and his sons. Investigators found that RHRL allegedly diverted ₹58 crore out of ₹85 crore disbursed by banks. Furthermore, properties were reportedly sold at undervalued prices, with buyers suspected to be proxies of Akhouri Gopal. These actions are part of the ongoing probe into the estimated ₹131.79 crore in proceeds of crime.