ED raids Arafa Gold premises in Kerala over alleged bank loan fraud

The Enforcement Directorate carried out raids at Arafa Gold's offices and the residences of its owner and business partners in Kollam and Thiruvananthapuram. The action was undertaken as part of an investigation into allegations of bank loan fraud involving the company.

According to ED sources, multiple premises were searched as part of the inquiry. The searches targeted the company's headquarters along with residential addresses of key stakeholders in the alleged fraudulent loan transactions.