The Enforcement Directorate (ED) on Friday, 4 October, raided six locations in Mumbai and adjoining areas and registered a money laundering case to probe alleged fraud in the Punjab and Maharashtra Cooperative (PMC) Bank case, officials said.
The ED has also filed an Enforcement Case Information Report (ECIR) in the case. It said the raids were being conducted after a criminal complaint was filed under the Prevention of Money Laundering Act by the central agency.
The ED and Mumbai Police case is against former bank management and promoters of the Housing Development Infrastructure Limited (HDIL).
Based on a complaint by an RBI appointed administrator, the police complaint was filed earlier this week on charges of forgery, cheating and criminal conspiracy against the officials.
The bank’s former chairman Waryam Singh, managing director Joy Thomas and other senior officials, along with a director of HDIL, have been named in the FIR.