The Enforcement Directorate raided premises in Pune and Baramati as part of a probe into an alleged Rs 10 crore cheating case related to alleged dairy sector on Wednesday, December 10, according to the news agency IANS. The Central agency carried out searches at two locations in Pune and three in the Baramati district.
The probe was launched against two accused for allegedly duping several businessmen from Mumbai, Pune and reportedly some senior government officials, by promising high returns in the dairy sector. The Baramati Dairy Pvt Ltd has filed a complaint alleging it was cheated of Rs 10.21 crore by the accused, said ED. More details awaited.
The investigative agency is conducting raids at the accused's native village, Jalochi. The accused had purchased butter worth Rs 2 crore and milk worth Rs 93 lakh from a Mumbai-based company and had not paid instalments, according to ABP Live. The accused pretended to be young entrepreneurs and claimed to be supporters of an influential political leader. They are accused of opening several companies in various sectors in Baramati district and extorting a large amount of money from people.