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Maharashtra

Mumbai News: ED Searches 9 Premises Linked To NCP Leader, Sharad Pawar’s Close Aide In Connection With Money Laundering Case

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Mumbai: The Enforcement Directorate conducted searches on Thursday and Friday at nine locations, encompassing both official and residential premises of three Jalgaon-based jewellery firms. The promoters and directors of these firms were subjected to these searches in connection with three instances of bank fraud.

These cases involve Ishwarlal Jain, a former Rajya Sabha member and a close associate of Sharad Pawar. Ishwarlal Jain also held the position of the former treasurer of the party. The searches were carried out by the Enforcement Directorate across multiple locations, including Jalgaon, Mumbai, Thane, Aurangabad, Nagpur, and a few others.

ED searches were based on Money Laundering Investigation related to an alleged bank fraud case that caused a total loss of Rs.353 crore to the state Bank of India.

Details On The Case

The current ED search is rooted in an FIR registered by the CBI in 2022 against a jewellery firm associated with Ishwarlal Jain and others. This FIR was prompted by complaints lodged by the State Bank of India. The SBI alleged irregularities in the transactions involving three accused firms: Rajmal Lakhichand Jewellers Pvt Ltd, Manraj Jewellers Pvt Ltd and RL Gold Pvt Ltd. These irregularities are related to transactions with the SBI, spanning the period from 2002 to 2014.

Their promoters, directors and guarantors –Ishwarlal Shaankarala Jain Lalwani, Manish Ishwarlal Jain Lalwani, Pushadevi Ishwarlal Jain Lalwani and Neekita Manish Jain Lalwani who were named as accused in CBI complaint. According to SBI complain to CBI, Rajmal Lakhichand Jewellers caused a loss of Rs 206.73 crore to the bank, RL Gold Caused a Rs 68.19 crore loss and Manraj Jewellers a Rs 76.57 Crore loss.

ED sources reported the seizure of important documents and digital evidence during the search related to the bank fraud. In December 2022, the CBI registered the FIR and also conducted a raid on the jewellery firm at that time, recovering numerous pieces of paper relevant to the bank fraud.

Ishwarlal Jain: Senior Pawar’s Close Aide In NCP

Ishwarlal Jain Lalwani was a prominent leader of the NCP party and was known to have a close association with Sharad Pawar. According to the registered FIR, the three accused companies allegedly sold goods worth Rs. 10,187 crore to a partnership firm during 2010-11 to 2017-18 and bought goods worth Rs. 9,925 crore. despite request from forensic audits, the financials of the company Rajmal Lakhichand were not allegedly provided by the promoters. The bank had alleged that the accused had colluded and committed illegal activities, including forgery by manipulation and submission of fake financial statements and fabrication of factitious transactions.

The entire case pertains to the default of the loan. The bank alleged in the complaint that the mortgaged assets had been sold without seeking its permission which resulted in the loss of security against the loan granted and that the recovery of loans got seriously jeopardised.

The bank also alleged that the accused firms availed the credit facility from SBI but misappropriate their process by their process by diverting them for non-sectioned purpose.the loan accounts had turned into non Performing Assets.

Maharashtra

Attention Mumbaikars! Central Railway To Operate Mega Block Between Thane And Kalyan On Sunday, Sept 14 For Essential Maintenance

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Central Railway, Mumbai Division will operate Mega Block on its Main line suburban sections, on 5th and 6th line between Thane and Kalyan stations for carrying out various engineering and maintenance works on Sunday, 14.09.2025.

Block on 5th & 6th lines between Thane and Kalyan stations from 09.00 hrs to 13.00 hrs.

Following UP Mail/Express trains will be diverted on UP Fast line between Kalyan and Thane stations and will arrive destination 10 to 15 minutes late..

11010 Pune-CSMT Sinhagad Express

17611 Hazur Sahib Nanded-CSMT Rajyarani Express

12124 Pune-CSMT Deccan Queen

12134 Mangaluru Jn-CSMT Express

13201 Patna-LTT Express

17221 Kakinada-LTT Express

12126 Pune-CSMT Pragati Express

12140 Nagpur-CSMT Sevagram Express

22160 Chennai-CSMT Express

22226 Solapur-CSMT Vande Bharat Express

12168 Banaras-LTT Express

12321 Howrah-CSMT Express

12812 Hatia-LTT Express

11014 Coimbatore-LTT Express

Following DOWN Mail/Express trains will be diverted on DOWN fast line between Thane and Kalyan and will be handed over 10 to 15 mins late.

11029 CSMT-Kolhapur Koyna Express

11055 LTT-Gorakhpur Godan Express

11061 LTT-Jaynagar Express

16345 LTT-Thiruvanathapuram Netravati Express

61003 Vasai Road-Diva MEMU departing Vasai Road at 09.50 hrs will be short terminated at Kopar

61004 Diva – Vasai Road MEMU will short originate from Kopar and will depart Kopar at at 11.45 hrs.

There will be no Mega Block on Harbour & Trans-Harbour line (except Traffic block on Kurla-Tilaknagar section)

These maintenance mega blocks are essential for infrastructure upkeep and safety. Passengers are requested to bear with the Railway Administration for the inconvenience caused.

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Maharashtra

Demand to cancel Bhiwandi Road footpath expansion project will only benefit builder lobby: Azmi alleges

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Mumbai Maharashtra Samajwadi Party leader and MLA Abu Asim Azmi has demanded from Maharashtra Chief Minister Devendra Fadnavis to stop the demolition of religious places, houses and projects in the name of road and footpath expansion in Bhiwandi and protect religious places, temples, mosques and houses. Earlier, the government and MMRDA had spent an additional Rs 1700 crore on projects to protect the victims of the metro project. Abu Asim Azmi demanded from Devendra Fadnavis and Eknath Shinde that in the new development project of Bhiwandi Nizampur Municipal Corporation, a proposal has been made to widen the road by 6-6 meters from Rajiv Gandhi Chowk to Tim Ghar Marg, which is expected to make thousands of people homeless and unemployed, and temples and mosques will also be affected by this project, so this project should be canceled immediately. Azmi alleged that this project is causing a lot of hardship to the people and also endangering the existence of many religious places, so this project and plan should be stopped and a new plan should be prepared. Azmi said that this project and the expansion of roads and footpaths will only benefit the builder lobby, so the government should consider it so that the citizens of Bhiwandi get justice.

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Maharashtra

Thane: 22-Year-Old Woman Assaults Employer At His Store Over Harassment; Probe Underway

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Thane: A 22-year-old woman allegedly harassed by her employer thrashed him at his store in Maharashtra’s Thane district, prompting the police to intervene in the matter, police said on Saturday.

The police are probing the incident that occurred in the Kalyan East area on Thursday evening, but no case has been registered, an official said.

In a video that surfaced on social media, the woman can be seen thrashing the 55-year-old shopkeeper with a slipper at his clothing store.

The woman has alleged that her employer harassed her by sending obscene text messages on her mobile phone.

According to eyewitnesses, the woman, accompanied by her mother, reached the shop on Thursday afternoon and confronted her employer about the obscene messages and continued harassment and demanded an apology.

A crowd gathered around the shop, and the woman assaulted him.

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