Enforcement Directorate Conducts Raids in Maharashtra Over Dairy Sector Fraud
The Enforcement Directorate (ED) initiated raids on December 10, 2025, at five locations in Maharashtra's Baramati and Pune districts. These actions are part of an investigation into a Rs 108.30 crore financial fraud in the dairy sector. The searches were conducted under section 17 of the Prevention of Money Laundering Act, 2022.
The ED targeted properties associated with Anand Satish Lokhande, Vidyanand Dairy Pvt Ltd, and Vidyanand Agro Feed Pvt Ltd. These locations include two in Baramati, two in Pune, and one in Indapur. The investigation is based on three First Information Reports (FIRs) registered by the Maharashtra police.
According to the FIRs, Lokhande and his family allegedly defrauded investors by misleading them into investing in schemes believed to be profitable, involving dairy operations, cattle feed trading, and milk procurement. Officials claim that the funds were not utilized for the intended business purposes but were instead diverted through multiple accounts and entities.
The case highlights significant allegations of financial misrepresentation, affecting several investors who were attracted to the purportedly lucrative dairy and agro-related businesses.
In a related development, the ED filed a Prosecution Complaint in Delhi against former Delhi Minister Satyendar Jain and others, unrelated to the Maharashtra case but indicating broader scrutiny on financial irregularities under the Prevention of Money Laundering Act, 2002.
