ED raids multiple sites in Delhi, UP and Punjab over Rs 450 crore Santosh Overseas Ltd fraud

On 24 July 2026 the Enforcement Directorate (ED) conducted coordinated raids at eight locations across Delhi, Uttar Pradesh and Punjab. The operations targeted M/s Santosh Overseas Ltd and its associated companies under the Prevention of Money‑Laundering Act (PMLA). Authorities allege the firm secured a consortium loan of roughly Rs 450 crore and then routed the funds through fictitious companies, entry‑operator networks and fabricated invoices to conceal the money‑flow.

The ED teams seized documents and digital evidence, and reported that the searches proceeded peacefully. The investigation builds on a case previously registered by the Central Bureau of Investigation. Earlier, on 20 July, the agency had attached assets worth about Rs 25.44 crore in a separate fraud probe.

The raids are part of a broader crackdown on financial misconduct, but no further arrests or charges have been announced pending the ongoing inquiry.