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.

• Why China’s Seniors Are Learning OpenClaw
• India Sets Rules for Green Ammonia and Methanol
• China’s Inflation Hits 3-Year High Amid Oil Surge
• Gail (India) Inks MoU with RailTel to Explore Telecom Business Opportunities 
• RailTel Bags Rs 27 Cr OFC Order from SECR; Shares Fall 3.5%

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.