The officers of Enforcement Directorate (ED) conducted searches at six places in Chennai as part of an ongoing investigation into a suspected ₹200 crore bank fraud.
The searches targeted at least six locations connected to GRK Reddy, a figure associated with the Marg group and believed to be a benami of a political leader. The operations were conducted under the provisions of the Prevention of Money Laundering Act (PMLA) at his house located in Srinagar Colony, Saidapet.
Officials confirmed that the investigation stems from a ₹200 crore bank fraud case for which the Central Bureau of Investigation (CBI) has already registered an FIR against Mr. Reddy Marg group.
Similarly, they also conducted a search at the residence of Mohan Kattri, a diamond merchant in Purasaiwalkam on Thursday morning.
Published – September 19, 2025 04:26 am IST
