ED Raids Mumbai, Chennai Firms in Massive Unlisted NSE Shares Fraud

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ED Raids Mumbai, Chennai Firms in Massive Unlisted NSE Shares Fraud

ED Raids Mumbai, Chennai Firms in Massive Unlisted NSE Shares Fraud

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CNBC TV18•06-03-2026, 08:42

ED Raids Mumbai, Chennai Firms in Massive Unlisted NSE Shares Fraud

•Enforcement Directorate conducted searches at eight locations in Mumbai and Chennai on February 27.
•Probe targets entities like Atum Capital Pvt Ltd, Optimus Financial Solutions Pvt Ltd, Babli Investment Pvt Ltd, Supremus Angel and their directors.
•Accused, including Satish Kumar and Sanjay Damani, allegedly duped investors by promising unlisted NSE shares they did not possess.
•Funds collected were routed through multiple bank accounts and allegedly diverted into movable and immovable assets.
•ED froze bank and demat accounts linked to Satish Kumar, Sanjay Damani, and other entities, seizing incriminating documents.

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