ED Raids Haryana Congress MLA in Rs 1,392 Crore Bank Loan Fraud Case

The Enforcement Directorate conducted searches on Haryana Congress MLA Rao Dan Singh's premises and other locations linked to a Rs 1,392 crore bank loan fraud. The raids spanned 15 locations across multiple states, targeting Singh's family, a metal fabricating company, and its promoters.

The Enforcement Directorate (ED) launched a series of raids on Thursday, targeting Haryana Congress MLA Rao Dan Singh and several related entities. The searches are part of an ongoing investigation into a Rs 1,392 crore bank loan fraud case.

Officials disclosed that about 15 locations, including areas in Mahendragarh, Bahadurgarh, and Gurugram in Haryana, Delhi, and Jamshedpur in Jharkhand, were scrutinized by the central agency's Gurugram zonal office.

Search teams, backed by Central Armed Police Force (CAPF) personnel, visited various premises related to Singh, including his farm house in Rewari and properties belonging to his son Akshat Singh. Entities under the microscope include the metal fabricating company Allied Strips Limited (ASL) and its promoters Mohinder Agrawal and Gaurav Agrawal.

ASL, which manufactures cold roll steel products, is accused of being involved in a sizable bank loan fraud, initially investigated by the CBI in 2022. Sources allege that funds borrowed by Rao Dan Singh's family from ASL were not returned and were later written off. Singh, who also participated in the recent Lok Sabha elections, had contested from the Bhiwani-Mahendragarh seat but was defeated by BJP's Dharambir Singh.

(With inputs from agencies.)