ED raids Maharashtra in Rs 108 Cr dairy investment fraud; Lokhande's firms targeted

• ED conducted raids at multiple locations in Maharashtra as part of a money laundering probe.
• The probe targets Anand Satish Lokhande, promoter of Vidyanand Dairy and Vidyanand Agro Feed.
• Lokhande's companies are accused of defrauding investors of Rs 108.30 crore.
• Funds were allegedly diverted by the accused instead of being used for stated business purposes.

Why It Matters: ED raids highlight risks of large-scale investment fraud.