Mumbai/Patna, March 28, 2025 – The Enforcement Directorate (ED), Mumbai Zonal Office, has arrested Vijay R. Gupta, promoter and Director of Vindhyavasini Group of Companies, under the Prevention of Money Laundering Act (PMLA), 2002, in connection with a loan fraud case involving the State Bank of India (SBI). The arrest took place on March 26, 2025, and the Special Court (PMLA) has remanded him to 7 days of ED custody.
In a parallel action, the ED Patna Zonal Office conducted search operations at seven locations across Patna on March 27, 2025, under the PMLA provisions. During the raids, officials seized incriminating documents and cash worth approximately ₹11.64 crore in a case linked to Sanjeev Hans and others.
Key Developments:
• Vijay R. Gupta’s company fraudulently availed loans from SBI, leading to financial irregularities.
• The ED is investigating money laundering aspects related to the case.
• In Patna, multiple locations were searched, leading to the seizure of significant cash and documents.
The Enforcement Directorate continues to intensify its crackdown on financial frauds and money laundering, targeting high-profile offenders involved in economic offenses across the country.
