The Enforcement Directorate conducted search operations at six locations across Goa in connection with an alleged ₹6.19 crore loan fraud case involving Central Trading Corporation (CMTC) and its associates.
According to officials from the agency’s Panjim zonal office, the searches were carried out under the provisions of the Prevention of Money Laundering Act (PMLA) as part of an ongoing investigation into suspected financial irregularities and money laundering activities.
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During the raids, investigators reportedly recovered cash amounting to ₹67.50 lakh. Officials also seized documents linked to property transactions, along with several digital devices believed to contain evidence relevant to the probe.
The ED is examining the financial trail and the alleged diversion of loan funds as part of the investigation. Authorities said the seized documents and electronic records are being analysed to identify the role of individuals and entities connected to the case.
Further investigation is underway.
