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ED raids several cities in Rs 350 cr HPCL fraud probe
Millennium Post Delhi
|New Delhi 11September2025
The Enforcement Directorate (ED) on Wednesday conducted searches at eight premises in Chennai, Bengaluru, Delhi, and the National Capital Region (NCR) under an ongoing probe into a gigantic financial fraud case of Hythro Power Corporation Limited (HPCL).
NEW DELHI:
The case, estimated to be over Rs 350 crore, has invited close scrutiny of top investigating agencies.
ED's investigation is based on a previous case filed by the Central Bureau of Investigation (CBI) in February against HPCL and its promoters, Amul Gabrani and Ajay Kumar Bishnoi. The authorities accused the duo of hatching a sophisticated financial fraud to siphon off bank money through a network of related companies, incurring heavy losses for a string of banks.
This story is from the New Delhi 11September2025 edition of Millennium Post Delhi.
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