ED Conducts Raids in Rajasthan and Gujarat Over ₹2,700 Crore Fraud Case

ED Investigates Alleged ₹2,700 Crore Money Laundering Scheme

The Enforcement Directorate (ED) has launched investigations into a money laundering case linked to an alleged fraud involving ₹2,700 crore from investors. Raids were conducted on Thursday across Rajasthan and Gujarat, according to official sources.

This case, registered under the Prevention of Money Laundering Act (PMLA), stems from a complaint filed by the Rajasthan police against a company named Nexa Evergreen. Sources indicate that the firm is accused of defrauding investors by promising high returns on land in the city of Dholera, Gujarat, amounting to ₹2,700 crore.

As part of the investigation, multiple locations in Rajasthan, including Sikar, Jaipur, Jodhpur, and Jhunjhunu, as well as several sites in Ahmedabad, Gujarat, were targeted during the raids.