ED raids 5 Maharashtra sites in Rs 108.30 cr dairy fraud case

• ED raided five locations in Maharashtra (Baramati, Pune, Indapur) in connection with an alleged Rs 108.30 crore dairy fraud case.
• The raids targeted premises linked to Anand Satish Lokhande, Vidyanand Dairy Pvt Ltd, and Vidyanand Agro Feed Pvt Ltd.
• Investors were allegedly defrauded by misrepresenting the profitability of dairy and cattle feed businesses.
• Funds obtained from investors were reportedly diverted and not used for the stated business purposes.
• The searches are conducted under PMLA by ED's Mumbai zonal office, based on three police FIRs.

Why It Matters: ED raids highlight ongoing efforts against large-scale financial fraud.