Maharashtra
Mumbai News: ED Searches 9 Premises Linked To NCP Leader, Sharad Pawar’s Close Aide In Connection With Money Laundering Case
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
Byculla Redevelopment Site Accident Claims Two Lives

Mumbai: A tragic incident occurred on saturday afternoon at the proposed redevelopment site of Habib Mansion in Byculla (West). During piling work, the ground suddenly caved in, resulting in the death of two labourers on the spot.
Two to three other workers suffered serious injuries and were rushed to a nearby hospital. The accident took place at the Sundar Galli stretch between Haines Road and Tank Pakhadi Road, where redevelopment work is being undertaken by Ibrahim Jusab Sopariwala & Others. The project is linked to architects A2 Associates and Rajpurkar Associates, with ZZ Consultants reported as the structural advisors.
Local residents claimed that adequate safety measures were missing at the worksite, raising concerns about negligence. Police and BMC officials have cordoned off the area and launched an investigation.
Authorities said a detailed probe will determine whether safety protocols were violated during the redevelopment work.
Maharashtra
NCB seizes city drugs, sets them on fire

Mumbai: The Mumbai Zonal Unit of the Mumbai Narcotics Control Bureau (NCB) has disposed of about 1835 kg of Mephedrone along with 341 kg of other substances which were seized from various places in Maharashtra and Delhi. 16 persons were arrested in this case. A thorough investigation into the massive drug seizure led to the arrest of several persons including foreigners from various places, resulting in the elimination of close associates of the drug peddlers with international links.
As per the guidelines prescribed by the Hon’ble Supreme Court, a high-level Drug Disposal Committee was constituted comprising Deputy Director General (SWR) of NCB, Additional Director, NCB Mumbai Zonal Unit and Additional Commissioner of Pune Police. The case was reviewed and it was selected to dispose of the drug hoard. Accordingly, all legal conditions were complied with after which the seized drugs along with other chemicals were finally destroyed by incineration in the presence of HLDCC on 14th November 2025 at Maple, Ranjangaon, Pune, Maharashtra.
This significant seizure of drugs followed by disposal of the sub-judices, indicates the continuous efforts of NCB in dismantling organised drug syndicates and targeting drug offenders who pollute the drug ecosystem. The Bureau is steadfast in its mission to protect public health and uphold the vision of “Nisha Mukt Bharat” by 2047.
NCB is firmly committed to ensuring a drug-free society under the guidance of which it has curbed drug trafficking, broken financial nexus and curbed inter-state and international drug syndicates.
Citizens are urged to play their role by reporting any information related to drugs through the MANS – National Narcotics Helpline (Toll Free Number: 1933). The identity of the informants is kept strictly confidential.
Maharashtra
Three men accused of robbing a youth have been arrested The main accused was apprehended in Titwala.

Mumbai: A young man returning home on a motorcycle in the Asalpha area of Ghatkopar was attacked and forcibly robbed by three men who brandished a chopper. A case was registered at the Ghatkopar police station under sections 309(4), 3(5) of the Indian Penal Code, sections 4, 25 of the Indian Penal Code, and sections 37(1) and 135 of the Indian Penal Code.
The complainant, Suraj Mahadev Dethe (24), and his friend, Yash Kamble, were passing near the Home Guard Training Center at approximately 1:30 a.m. on November 12th when three unidentified individuals in a three-wheeled tempo stopped them. The accused, using the chopper as a pointer, assaulted them, abused them, and stole their Honda Dio scooter and mobile phone.
As soon as the case was registered, the Assistant Commissioner of Police and Senior Police Inspector of the Ghatkopar Division inspected the scene. Based on technical and traditional investigations, the accused identified Hussain Aslam Memon, alias Genda. Upon receiving information that he was hiding in the Titwala area, the police apprehended him. During interrogation, he revealed the names of his accomplices – Munna Ramvilas Sharma and Dilshaduddin Sitabuddin Shaikh – who were subsequently arrested.
On November 13, the three accused were produced in court, where they were remanded to police custody until November 17. The investigation also revealed that Genda is a notorious criminal with more than 13 cases registered against him in various police stations.
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