Mumbai: The Enforcement Directorate conducted a search at 5 locations last Friday in connection with the Punjab and Maharashtra Cooperative Bank scam. A search has been conducted in the premises of Mehul Thakur and others in connection with the money laundering probe in the scam. This information was given by ed sources. The financial investigation agency is reported to have searched three places associated with Thakur and two places associated with chartered accountants last Friday morning.

In fact, Mehul Thakur is the owner and director of Viva Homes, a part of the Viva group. The officer of Ed has only said so. It has also been reported that the agency had received some links that crores of rupees were transferred from HDIL to Viva Group Trust and companies, which are controlled by Thakur's family members. You will all know that earlier this month, ED had questioned Shiv Sena Rajya Sabha member Sanjay Raut's wife, Rain Raut, in the case.

When was the scandal unfolded - A loan of Rs. 6500 crore was given to a developer through fake accounts in PMC Bank. The scam was reported to the Reserve Bank in the year 2019. Thereafter, the Reserve Bank had imposed stringent restrictions on the bank in September 2019. Rbi has been engaged in a moratorium from about 23rd September 2019 and under this, the bank's depositors have been banned from withdrawals. The RBI had dissolved the board of PMC Bank.

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