Pune (Maharashtra) [India], December 10 (ANI): The Enforcement Directorate (ED) on Wednesday carried out searches at five locations in Maharashtra’s Baramati and Pune districts linked to an alleged multi-crore fraud in the dairy sector.
The raids targeted premises associated with Anand Satish Lokhande, Vidyanand Dairy Pvt Ltd, Vidyanand Agro Feed Pvt Ltd, and associated professionals. Locations included two sites in Baramati, two in Pune, and one in the Indapur area. The ED’s Mumbai zonal office is conducting the searches under Section 17 of the Prevention of Money Laundering Act (PMLA), 2022, based on three FIRs registered with the Maharashtra police. The alleged fraud totals Rs 108.30 crore.
According to officials, Anand Satish Lokhande and family members allegedly defrauded investors by presenting the dairy and cattle feed businesses as highly profitable ventures. Investors were lured into various schemes based on promises of substantial returns from milk procurement and feed trading. The officials stated that after collecting the funds, the accused allegedly diverted money through multiple accounts and entities instead of using it for business purposes.
In a separate case in Delhi, the ED filed a prosecution complaint against former Delhi Minister and Aam Aadmi Party (AAP) leader Satyendar Jain and 13 others in a Rs 17.70 crore money laundering case linked to alleged corruption in awarding four Delhi Jal Board (DJB) tenders for Sewage Treatment Plants (STPs). The complaint also names the then DJB CEO Udit Prakash Rai, former DJB member Ajay, Chief Engineer Satish Chandra Vashishth, and other private individuals and entities under the PMLA, 2002.
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