ED Ahmedabad files case against Jyoti Power Corp. for Rs. 297 crore bank fraud December 11, 2025

Ahmedabad: The Directorate of Enforcement (ED) has filed a Prosecution Complaint (PC) under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, before the Special Court (PMLA), Ahmedabad, on 3/12/2025 in connection with a bank fraud case involving Jyoti Power Corporation Pvt. Ltd. (JPCPL), its directors, and other related persons.

The ED initiated the investigation based on two FIRs registered by the CBI in Mumbai and Bhopal under various provisions of the Indian Penal Code (IPC), 1860, and the Prevention of Corruption Act, 1988.

According to an official statement, the ED investigation revealed how the loan accounts were misused by the company and other related persons, t

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