Delhi (Gurpreet Singh): The Enforcement Directorate on Monday stepped up its financial crime investigation by carrying out coordinated searches at properties connected to Aam Aadmi Party leader Deepak Singla and several other individuals across Delhi and Goa.
Officials familiar with the matter said the operation is linked to a suspected money laundering case involving alleged irregularities in bank loan transactions.
Search teams moved into multiple locations early in the day to collect financial documents, electronic records and other material believed to be relevant to the ongoing inquiry.
Deepak Singla, a former AAP candidate from Delhi’s Vishwas Nagar constituency, has been under the agency’s scrutiny in connection with the same case for some time.
His residence had also been searched during an earlier round of ED action last year.
Authorities have not yet issued details on the specific evidence being examined during the latest raids, but sources indicated investigators are tracing financial trails and possible links to suspicious lending activities.
Singla was not immediately available for comment following the searches.
In another parallel action, the central agency also raided premises connected to an alleged investment fraud case involving claims of financial cheating worth nearly ₹180 crore.
The searches reportedly covered locations associated with the Babaji Finance Group in Delhi’s Subhash Nagar area.
Investigators suspect that several investors may have been lured through false promises of high returns and are now examining whether funds were diverted through complex financial channels.
Officials said documents and digital devices seized during the operation will undergo forensic examination to establish the extent of the alleged fraud.
The Enforcement Directorate is conducting both investigations under provisions of the Prevention of Money Laundering Act and is expected to summon additional individuals for questioning in the coming days.
The fresh searches have drawn political attention, with observers closely watching whether the probe leads to further action or formal charges against those under investigation.
