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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.

Crime

Anti-Narcotics Cell cracks down on Mumbai drug dealers, two drug dealers arrested, drugs worth over Rs 2 crore seized

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The Mumbai Anti-Narcotics Cell has claimed to have arrested a drug dealer from the Andheri Lokhandwala area of ​​Mumbai’s suburbs.

The ANC Azad Maidan unit had received information that a person was going to come to Lokhandwala to sell drugs. On this, the ANC recovered Rs 18 lakh in cash, 703 grams of hashish and 104 grams of Mephedone MD from the person’s possession. After this, in the second operation, the ANC on July 8 arrested a suspect in the case of selling illegal heroin in the Andheri Versova area and recovered 306 grams of heroin from his possession. Along with this, it was revealed that the accused sells drugs in Andheri and surrounding areas.

Action was taken against both of them under the NDPS Act and both of them have been arrested. It has been claimed that drugs worth over Rs 2 crore have been seized from their possession. The 46-year-old arrested from Andheri Lokhandwala The accused and the second accused are 31 years old and both are under investigation. The operation was led by Mumbai Police Commissioner Devin Bharti and was conducted by DCP ANC Nunath Dhole.

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Crime

Maharashtra Crime: 3 Arrested For Rape & Suicide Case Of 16-Year-Old Girl In Sangli

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Mumbai: In an disturbing incident, Sangli police on Wednesday arrested three men linked to the alleged rape and suicide of a 16-year-old girl in Kargani village, located in Atpadi tehsil. The girl, a Class 10th student, reportedly took her own life on Tuesday after being sexually assaulted and threatened by the accused.

Investigations reveal that the accused had been harassing the girl for several days. They allegedly raped her in the presence of her sister and, along with the others, as reported by Hindustan Times. They also mentioned that the accused allegedly filmed an obscene video and threatened to make it viral.

As per the report, the minor informed her parents about the incident. However, before they could file a police complaint, she died by suicide on Sunday. The suspects, Raju Gend, Anil Kale, and Rohit Kharat, have been taken into custody. A fourth accused, Ramdas Gaikwad, was beaten by angry villagers before being handed over to the police. He is currently receiving medical treatment and will be arrested once discharged.

The sub-divisional police officer, Vipul Chhaya Vijay Patil, mentioned that “We have arrested three accused in this case, while the fourth accused is undergoing medical treatment at a hospital,”

The Vinay Bahir, PI, Atpadi police station said, “Police also enquired about the sister of the deceased girl, and she also didn’t know much about the incident.” Based on the complaint, the police filed a case against the accused for charges of rape and abetment of suicide.

In a separate crime story from Maharashtra, a 16-year-old girl from Adivali in the Dombivli area of Thane was allegedly kidnapped and raped by a 20-year-old man during a train journey to Akola. Senior Police Inspector Pandhari Kande from the Government Railway Police (GRP) in Kalyan reported the case on Monday.

According to the police, the incident occurred on June 30. The man took the girl on a train from Thane to Akola, where he assaulted her during the journey, as reported by the news agency PTI. Upon their arrival in Akola, the man’s parents refused to allow them into their home. He then abandoned the girl at the Akola railway station and returned to his residence.

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Maharashtra

Mumbai News: Central Railway Requests 800 Workplaces To Change Work Timings To Ease Local Train Congestion

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Mumbai: To address congestion during peak times on Mumbai’s local trains, Central Railway (CR) has contacted more than 800 workplaces, suggesting staggered working hours. At present, CR operates 1,810 local train services each day, catering to more than 3.5 million passengers, but there is an absence of alignment in working hours between government and private entities situated between Chhatrapati Shivaji Maharaj Terminus (CSMT) and Thane.

This discrepancy results in significant overcrowding, heightening the chance of accidents, as illustrated by recent statistics showing that between January 1 and May 31, 2025, there were 922 accidental deaths associated with local train usage, including 210 fatalities from falls occurring on overcrowded trains.

The effort to stagger working hours is expected to alleviate pressure on rail services, particularly from 8-10 AM and 5-7 PM, during which they are most crowded. CR thinks this change would aid in spreading out commuter traffic over the day, improving safety and comfort for travellers.

Kalyan station reported the most deaths from these incidents, with Thane and Kurla stations following. Furthermore, CR has officially sought assistance from the Maharashtra State Government, anticipating it will aid in a synchronized implementation of the staggered schedules.

The CR recognizes an increasing need for additional rail lines; nonetheless, spatial limitations restrict prompt growth. Therefore, staggering office hours is viewed as an effective approach to alleviate the strain on the local train system. By partnering with multiple institutions and receiving government backing, CR seeks to change the commuting experience in Mumbai from chaos to a safer, more efficient process, guaranteeing a smoother travel routine for its residents.

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