Mumbai, Dec 10: The Enforcement Directorate (ED) on Wednesday carried out searches at multiple locations in Pune and Baramati in connection with an alleged investor fraud valued at over Rs 108 crore, linked to Baramati-based Vidyanand Dairy Pvt Ltd.

The probe centers on allegations of cheating, diversion of investor funds, and use of forged documents, allegedly orchestrated by the company and its directors, Anand Satish Lokhande (28) and his sister Vidya Satish Lokhande (24), who are currently absconding.

The ED teams conducted searches at three premises in Baramati, two in Pune, and one in Indapur, seizing business records, digital devices, and financial documents. Officials said this material will help investigators reconstruct the movement of funds and ascertain whether the alleged P

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