ED raids Essel Group firms in ₹150-cr Religare fund diversion case

ED raided premises of five firms linked to Essel Group as part of its investigation into ₹150-crore fund diversion at Religare Finvest. ED said it recorded statements of officials and recovered "incriminating documents" after raids at former senior Essel Group official's residence. Four of the five Essel firms defaulted on Religare's loan by signing a fake settlement agreement, ED added.