Gurugram | The Directorate of Enforcement (ED), Gurugram Zonal Office, has conducted extensive search operations on December 3 and 4, 2025, across Gurugram and Faridabad, targeting Richa Industries Limited (RIL), its promoters Sandeep Gupta, Manish Gupta, Sushil Gupta, and their associated group entities.
The raids, conducted under the Prevention of Money Laundering Act (PMLA), 2002, were part of a probe into an alleged ₹236-crore bank fraud that took place between 2015 and 2018.
Probe Originated from CBI’s FIR in ₹236-Crore Loan Fraud
The ED initiated its money laundering investigation based on a Central Bureau of Investigation (CBI)…