ED Raids Deepak Singla's Premises in Bank Loan Fraud Probe

The Enforcement Directorate (ED) conducted searches at locations linked to AAP politician Deepak Singla and others concerning an alleged bank loan fraud-related money laundering case. The raids occurred in Delhi and Goa. ED also investigated a separate investment fraud case involving Ram Singh and Babaji Finance Group.

The Enforcement Directorate on Monday carried out raids at premises associated with Aam Aadmi Party politician Deepak Singla as part of an investigation into a bank loan fraud-linked money laundering case, officials disclosed. These search operations are happening across locations in Delhi and Goa.

Deepak Singla, who previously contested for the AAP from Delhi's Vishwas Nagar assembly seat, faced ED scrutiny in 2024 for this investigation. Currently, Singla remains unreachable for comment regarding the ongoing raids.

In a different probe, the federal agency executed searches linked to a financial scam defrauding victims of Rs 180 crore through deceptive investment schemes. Among those targeted were premises tied to Ram Singh, affiliated with Babaji Finance Group, based in Delhi's Subhash Nagar.