The Enforcement Directorate (ED) conducted raids at the offices of India Bulls Finance Centre in Mumbai and Delhi concerning a Prevention of Money Laundering Case filed against the company and its promoter Sameer Gehlaut in April 2021. The ED officials had a meeting on Sunday to plan this raid. Separate teams were formed to recover some incriminating documents.

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Earlier, a case was lodged against the company and its promoter at Palghar, Maharashtra. It was alleged in the FIR that the real estate company first took a loan from India Bulls and invested in India Bulls housing shares. The company had increased the share value, and the money was later drained off to other entities.