ED uncovers bribery racket involving executives from 40 PSUs and banks

The Enforcement Directorate has uncovered a bribery racket involving executives from at least 40 public sector undertakings and banks. The scheme involved laundering corporate social responsibility funds through multiple trusts operated by a fake doctor.

Investigations revealed that the individual, who has been impersonating a medical professional for nearly three decades, received substantial donations. Kickbacks were paid as part of the scheme, with funds subsequently returned to donors after deducting commissions.