New Delhi, Sept. 10 -- ED Gurugram zone on Wednesday is conducting a search and survey action on Hythro Power bank fraud case worth Rs.350 crores covering 5 premises in Delhi NCR, 3 premises in Chennai and 1 in Bengaluru.

The accused, including HPCL and its directors Amul Gabrani and Ajay Kumar Bishnoi, are alleged to have siphoned off and diverted funds to their related entities and related entities of HPCL, causing substantial losses to the banks.

This is a developing story, it will be updated shortly.

Published by HT Digital Content Services with permission from MINT....