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ED seizes ₹59 crore in Mumbai searches linked to alleged fraud at Lodha Developers

The money-laundering investigation stems from FIRs filed by Mumbai Police against Lodha and his associates under various sections of the Bharatiya Nyaya Sanhita (BNS), 2023. The FIRs allege cheating, abuse of official position, unauthorised sale of assets and fabrication of documents that caused wrongful losses of more than ₹100 crore to Lodha Developers Ltd (LDL), a listed company.

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