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ED raids multiple locations in Mumbai, Pune and Surat in ABG Shipyard fraud case

As many as 26 premises are being searched in these cities by the federal agency under the criminal sections of the Prevention of Money Laundering Act (PMLA)

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Enforcement Directorate logo. File Pic

Enforcement Directorate logo. File Pic

The Enforcement Directorate (ED) on Tuesday raided multiple premises in Mumbai, Pune and Surat in connection with a money laundering probe against ABG Shipyard Ltd in an alleged Rs 22,842 crore bank loan fraud case, officials said.

As many as 26 premises are being searched in these cities by the federal agency under the criminal sections of the Prevention of Money Laundering Act (PMLA), they said.

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