ED Raids Five Locations in Pune, Baramati, Indapur in Rs 108.30-Crore Fraud Linked to Vidyanand Dairy
Reported by Mubarak Ansari
Pune, 10th December 2025: The Enforcement Directorate (ED) on Wednesday carried out searches at five locations in Maharashtra in connection with an alleged ₹108.30-crore investment fraud involving Baramati-based businessman Anand Satish Lokhande and companies linked to him. The raids were conducted under Section 17 of the Prevention of Money Laundering Act (PMLA), 2022.
According to officials, the ED’s Mumbai unit searched two premises in Baramati, two in Pune, and one in Indapur. The locations are associated with Lokhande, Vidyanand Dairy Pvt. Ltd., Vidyanand Agro Feed Pvt. Ltd., and certain professionals connected with the case.
The money laundering probe stems from three FIRs registered by the Maharashtra Police. Investigators allege that Lokhande and his family members collected large sums from multiple investors by presenting their dairy, cattle feed, and milk procurement businesses as highly profitable ventures. The complainants reportedly invested significant amounts in various schemes based on assurances of strong returns.
However, according to the allegations, the funds were not used for legitimate business operations. Instead, the money was diverted and routed through multiple accounts and related entities, raising suspicion of large-scale financial fraud.
The FIRs collectively estimate the fraud amount at ₹108.30 crore. The ED is examining the flow of funds, the network of accounts involved, and the role of individuals linked to the companies.
