India, April 24 -- The Enforcement Directorate (ED) on Wednesday conducted searches at seven premises in Mumbai, one in Haryana's Faridabad, as part of its money laundering probe into Broadcast Engineering Consultants India Limited's (BECIL) alleged fraudulent disbursal of a Rs.50 crore loan to the Green Billions Limited (TGBL), a private firm. The ED's case was based on a Central Bureau of Investigation's (CBI) 2024 case.

Central Bureau of Investigation (CBI) on September 3, 2024, registered a case based on the findings of its preliminary enquiry ( PE) probe, which had been initiated based on a complaint from the vigilance authorities of the Information and Broadcasting ministry, under which BECIL functions. The FIR said the Indian Rene...