Friday, February 20, 2026

National

ED attaches land worth ₹5.13 crore in money laundering probe linked to Ruchi Global Ltd Bank fraud case

IANS | February 20, 2026 03:14 PM

INDORE: The Directorate of Enforcement (ED), Indore Sub-Zonal Office, has provisionally attached an immovable property — a parcel of land valued at ₹5.13 crore — in the name of Neeta Shahra, wife of Umesh Shahra, under the Prevention of Money Laundering Act (PMLA), 2002.

The attachment order was issued on February 17, 2026, the investigation agency said in a press statement.

The action forms part of an ongoing investigation into M/s Ruchi Global Ltd. (now renamed M/s Agrotrade Enterprises Ltd.), a company promoted by the late Kailash Chandra Shahra and Umesh Shahra.

The ED probe stems from a First Information Report (FIR) registered by the Central Bureau of Investigation (CBI), AC-IV, Vyapam, Bhopal, against the company and its associates under Sections 13(2) and 13(1)(d) of the Prevention of Corruption Act, 1988, and Section 120-B read with Section 420 of the Indian Penal Code, 1860, it said.

Have something to say? Post your comment