Nation

XNew Delhi: The Enforcement Directorate on Wednesday conducted searches at multiple locations in Maharashtra as part of a money laundering probe against a dairy and agro company accused of defrauding investors of more than Rs 100 crore, officials said.

Two premises in Baramati, one in Indapur (both in Pune district) apart from two in Pune city belonging to Anand Satish Lokhande, promoter of Vidyanand Dairy Pvt. Ltd. and Vidyanand Agro Feed Pvt. Ltd., and some professionals were raided under the provisions of the Prevention of Money Laundering Act (PMLA), they said.

It is alleged that Lokhande and his family members defrauded innocent investors through their companies by projecting the business of these entities as "highly profitable" ventures generating substantial revenues from

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