← Latest news 
ED raids 12 locations tied to Kotak Mahindra Bank in Panchkula municipal fraud probe
India
Published on 24 April 2026
Allegations point to ₹145 crore embezzlement
The Enforcement Directorate carried out searches on 12 premises across Chandigarh, Panchkula, Zirakpur, Dera Bassi and Rajpura in a money laundering probe linked to a municipal fraud case. The action follows an FIR by the ACB, Panchkula, alleging a conspiracy to embezzle about ₹145 crore from civic body accounts, with ED examining related financial trails.
- ED searched 12 premises across multiple cities in the region
- The probe is linked to a Panchkula municipal fraud FIR by ACB
- Allegations involve embezzlement of about ₹145 crore
- Investigations focus on money laundering angles tied to bank records
Read the full story at Republic
This summarization was done by Beige for a story published on 
Republic