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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

IN PICS: Maharashtra CM Devendra Fadnavis At ‘Warkari BhaktiYog’ Program On International Yoga Day 2025

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Mumbai: Maharashtra Chief Minister Devendra Fadnavis participated in the ‘Warkari BhaktiYog’ program on the occasion of International Yoga Day, June 21, 2025. The event was held in Pune and witnessed the participation of lakhs of Warkaris.

Dignitaries present at the event included Minister Chandrakant Patil, Minister of State Madhuri Misal, Professor Sadanand More, and several other important leaders. In an X (formerly Twitter) post, CM Fadnavis shared pictures from the yoga session and expressed his thoughts on the confluence of yoga and the Warkari tradition through the ‘Bhakti Yoga’ program.

The ‘Warkari BhaktiYog’ program aimed to promote a balance between the body, mind, and soul. It concluded in Pune with a massive gathering addressed by Chief Minister Fadnavis, who highlighted the spiritual and healing powers of yoga.

The Chief Minister said that yoga is our tradition, culture and a key to a happy life, as well as a method of treatment. It has an extraordinary ability to rejuvenate the body and mind. With this in mind, Prime Minister Narendra Modi proposed Yoga Day at the United Nations, with the view that the world should accept this ancient Indian knowledge. This is the only such proposal in the history of the United Nations which was supported and approved by all the countries present. Therefore, we have been celebrating World Yoga Day for the past 11 years.

He further said that yoga is a practice that anyone can do. These asanas are designed according to our body structure and have a therapeutic effect on all the external and internal organs of the body, from nails to hair. That is why yoga is being recognised as a ‘healing power’ at the global level.

Chief Minister Fadnavis, referring to the concept of ‘One Earth, One Health’ given by Prime Minister Narendra Modi, said that the Warkari community upholds this concept through action. It is a matter of fortune for us to get the opportunity to do yoga with the Warkari after the Wari’s stay in Pune. Savitribai Phule Pune University is leading this program, which is a matter of pride.

Chief Minister Devendra Fadnavis said that today, all the Dindyas are participating in yoga sadhana at their respective stations, and students from 700 colleges have also participated, which is a matter of great satisfaction.

The Chief Minister said that Pune has given a new ‘ring’ to the Wari. He wished that this tradition should continue and that we all remain committed to creating a ‘healthy and prosperous society’.

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Maharashtra

Thane Sessions Court Convicts Hawker For Brutal Attack On Civic Officer During 2021 Encroachment Drive

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Thane: The Thane Sessions Court has convicted a hawker for attempting to murder a senior civic officer and against her security personnel during an anti-encroachment drive conducted by the Thane Municipal Corporation (TMC) in 2021.

The accused, Amarjitsingh Shivshankar Yadav, alias Amarjit Yadav, was found guilty under several sections of the Indian Penal Code — including Section 307 (attempt to murder), Section 353 (assault on a public servant), Section 332 (voluntarily causing hurt to deter public servant), Section 333 (causing grievous hurt to deter public servant), and provisions under the Maharashtra Police Act.

About The Incident

The incident took place on August 30, 2021, at the Kasarvadavali junction during a routine anti-hawker and encroachment drive. Kalpita Pimple, Assistant Municipal Commissioner of the TMC’s Majiwada-Manpada ward, was overseeing the operation when Yadav, a hawker at the site, suddenly launched a violent assault on her.

In the unprovoked attack, Pimple suffered severe injuries — including the loss of three fingers and a head injury. A security guard accompanying her also suffered injuries while trying to shield her from the assault.

After a detailed trial, the court held Yadav guilty on all counts, reaffirming the severity of the offence and the need to protect public servants carrying out their lawful duties.

The public prosecutor Shishir Hirey said, “There were two victims in the case, in which Pimple lost three fingers while her security personnel suffered injuries in while trying to prevent the attack.”

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Maharashtra

Kharghar Residents Stage Peaceful Protest Demanding Liquor Ban In Locality

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Navi Mumbai: In a show of unity and resolve, residents of Kharghar gathered today at Shah Arcade, Sector 6, to participate in a sit-in protest demanding a complete ban on liquor outlets in the area.

Organised under the banner of the Liquor-Free Kharghar movement, the protest began at 11:00 AM and witnessed the participation of local citizens, social activists, and community leaders who voiced their concern over the increasing number of liquor shops and their adverse impact on the peace and safety of the neighborhood.

Protesters emphasised that making Kharghar a liquor-free zone is essential to safeguarding the area’s future and ensuring a safe, healthy environment for families and youth.

“Every responsible citizen must stand united to protect Kharghar from the ill effects of alcohol. This movement is not just for today but for the generations to come,” said one of the organizers during the protest.

The peaceful demonstration reflected the community’s collective demand for the authorities to take immediate action and revoke licenses of existing liquor shops to maintain the area’s sanctity and security.

Organisers have urged residents to remain vigilant and continue supporting similar initiatives until their demands are met.

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