New Delhi, April 15 -- The Enforcement Directorate (ED), Bhopal Zonal Office, today said it has filed a chargesheet in an alleged bank fraud case against Excel Vehicles Pvt. Ltd. and its directors.
An ED official stated that the PMLA investigation was initiated on the basis of an FIR (first information report) registered by the CBI, ACB, Bhopal, against the company and its directors for allegedly defrauding Bank of India, thereby causing a wrongful loss of approximately Rs 42 crore.
Subsequently, the CBI filed a chargesheet/final report before the Special Judicial Magistrate (CBI Cases), Indore, in 2022.
During the course of the PMLA investigation, a search operation was conducted in 2024, which led to the seizure of cash and ornaments a...