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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

Nirmal Nagar girl sexually abused by accused sentenced to 20 years in prison

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Mumbai: The court has sentenced the accused to 20 years rigorous imprisonment in the case of sexual abuse of a 9-year-old girl in Hussain Tekri Khar in Shivalik Compound under the limits of Nirmal Nagar police station in Mumbai. On December 18, 2022, the victim was playing outside her house when the accused Munawar Ghanu Malik, 52, sexually assaulted her and hid at his friend’s house. The police arrested him. After the sexual assault of the girl, the girl started crying loudly outside her house, after which she told her parents that an indecent act had been done to her. The victim’s mother filed a complaint at Nirmal Nagar police station and the police arrested Munawar. The police followed the matter thoroughly in the sessions court and the accused was convicted. On the advice of Mumbai Police Commissioner Deven Bharti and DCP Manish Kalwaniya, the police followed the case in the best possible manner and the accused was convicted.

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Crime

Mumbai Crime: Oshiwara Police Arrest Habitual Thief, Recover Stolen Valuables Worth ₹1.26 Crore

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Mumbai: The Oshiwara Police have arrested a habitual offender involved in a major housebreaking case and successfully recovered stolen property worth ₹1,26,10,450.

According to police officials, between 11:00 pm on December 29, 2025, and 7:30 am on December 30, 2025, an unidentified person gained entry through the bathroom window of a bungalow (No. 15, Magnum Tower, Bank Road, 2nd Cross Road, Lokhandwala, Andheri West). The accused broke into the complainant’s cupboard and stole a safe containing gold, diamond and silver ornaments along with cash altogether valued at approximately ₹1,37,20,000.

Based on the complaint, Oshiwara Police registered an FIR  on December 30, 2025, under sections 331(4) and 305(A) of BNS. Following the registration of the case, the Senior Police Inspector, Crime Detection Officer and the police team visited the crime scene and conducted a detailed inspection.

Even without knowing the suspect’s residence, officers skillfully gathered intelligence. Sub-Inspector Vikas Kadam and his team laid a trap in the locality where the accused was suspected to be hiding and kept watch for two days. The suspect finally appeared, and on January 3, 2026, the team detained him for interrogation.

During questioning, the accused confessed that he had kept the stolen valuables at his residence and some with a jeweller. Acting promptly, the police recovered stolen diamond, gold and silver ornaments valued at ₹1,26,10,450.

Further investigation revealed that the arrested accused has a criminal history with 14 previous cases registered against him. Police officials also stated that more cases from Oshiwara Police Station and other police jurisdictions are likely to be detected during further interrogation.

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Maharashtra

BJP and Congress Form Unlikely Alliance to Keep Shiv Sena Out of Power in Ambernath Council

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Thane: In a surprising political development at the municipal level, the Bharatiya Janata Party (BJP) and the Indian National Congress have come together to form a governing alliance in the Ambernath Municipal Council, effectively preventing the Shiv Sena from taking control despite its strong performance in the elections.

The Shiv Sena emerged as the single largest party in the recently concluded Ambernath civic polls but failed to secure a clear majority in the council. Taking advantage of the fractured mandate, the BJP stitched together a post-poll alliance with the Congress and other smaller parties to cross the majority mark and form the ruling body.

The new coalition, formed under a development-focused banner, has claimed that its primary objective is to ensure stability, efficient administration, and accelerated civic development in Ambernath. Leaders from the alliance stated that local governance requires practical decision-making beyond traditional political rivalries.

As part of the power-sharing arrangement, the BJP secured the key leadership position in the municipal council, while coalition partners were accommodated in the governing structure. The move has reshaped the political equations in the region and drawn sharp reactions from the Shiv Sena, which accused its rivals of engaging in opportunistic politics.

Shiv Sena leaders expressed disappointment over the alliance, terming it a contradiction of ideological positions and a setback to the mandate of voters. They maintained that the party would play a strong role as the opposition and continue to raise civic issues.

Political observers note that such unexpected alliances are becoming increasingly common in urban local body elections, where numbers and local priorities often outweigh long-standing political alignments. The Ambernath development is being closely watched as it may influence future municipal strategies across Maharashtra.

The formation of this alliance highlights the evolving nature of grassroots politics and underscores how local power dynamics can diverge sharply from state-level and national political narratives.

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