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ED raids 24 locations in Raj, Guj in ₹2,700 Cr Nexa Evergreen money laundering case
ED raids 24 locations in Raj, Guj in ₹2,700 Cr Nexa Evergreen money laundering case

Hindustan Times

time2 days ago

  • Business
  • Hindustan Times

ED raids 24 locations in Raj, Guj in ₹2,700 Cr Nexa Evergreen money laundering case

New Delhi: The enforcement directorate (ED) on Thursday raided 24 locations in Rajasthan and Gujarat in connection with an alleged ₹2,700 crore money laundering case by Nexa Evergreen, people familiar with the development said. The agency started probing after multiple First Information Reports (FIRs) were filed under the Prevention of Money Laundering Act (PMLA) by the Rajasthan Police. Nexa Evergreen had allegedly promised high returns to individuals investing in properties in Gujarat's Dholera Smart City project. 'Raids were conducted at 24 locations in Sikar, Jaipur, Jodhpur and Jhunjhunu in Rajasthan and Ahmedabad in Gujarat under PMLA,' an ED officer said. Also read: Dino Morea smiles, looks relaxed as he arrives at ED for questioning in ₹65 crore Mithi river desilting scam case. Watch The company's promoters, Subhash Bijarniya and Ranveer Bijarniya, both from Sikar in Rajasthan, allegedly targeted civilians and government employees, including police officers and army personnel, by promising to double their money in 14 months. They allegedly laundered ₹2,700 crore before disappearing with the investors' money.

Godhra decked up to host Guj Foundation Day event
Godhra decked up to host Guj Foundation Day event

Time of India

time30-04-2025

  • Business
  • Time of India

Godhra decked up to host Guj Foundation Day event

Vadodara: The state's 65th Foundation Day or Gujarat Gaurav Divas will see state-level celebrations being held in Godhra town of Panchmahal district on Thursday. Chief minister Bhupendra Patel will inaugurate and launch development works worth Rs 649.77 crore. A series of events have been planned for the day. Governor Acharya Devvrat and top officials of the state govt will also attend the celebrations. The works to be inaugurated or launched by the CM include projects related to roads and buildings, panchayats, tribal welfare, education, horticulture, animal husbandry, transport and urban development departments. A new regional transport office and a new office for the inspector general of police will also be inaugurated. In total, 86 development works will either be inaugurated or see work start. Patel will also inaugurate the lithium-ion battery recycling plant of Rubamin Pvt Ltd and an ultra-high temperature milk processing plant of Panchamrut Dairy. A sorted semen technology facility will also be inaugurated at the dairy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo A parade has been organized in the evening, followed by a cultural programme. The Gujarat Garima Awards will be presented in the evening, with ten individuals from Panchmahal who have achieved success in various fields being felicitated. The district administration and Godhra municipality have taken steps to clean and decorate the town for the celebrations. An official statement said Gujarat remains a "role model" state contributing significantly to India's development, . While Gujarat has always been a land of culture, tradition, prosperity and development, contributing 8.2% to the country's GDP, a new chapter of its development began two decades back when Narendra Modi, now Prime Minister, took over as the chief minister in 2001, it said. "It has since positioned itself as an industry-friendly, tech-savvy, startup-friendly and innovation-friendly state, having attracted international tech companies like Tesla, Micron and Foxconn, encouraging youth towards entrepreneurship, and taking steps for planned development of the tourism sector, among others," it said. For the last two decades, Gujarat has been continuously proving to be a role model through a new chapter of development in the country, the release added. Gujarat has 5% of India's population and 6% of the land, yet it makes a significant contribution to the country's economic development, stated the release. To achieve the Prime Minister's goal of 'Developed India', Gujarat is contributing 8.2% to the country's GDP, and ranks among top five states in terms of economy, it said. GIFT City, Science City, Dholera Smart City, Metro Train, Bullet Train Project, and ports are taking Gujarat towards national leadership. Gujarat holds a leading position in the field of exports, accounting for more than 30% of the total exports in India. This mainly includes petrochemicals, pharmaceuticals, textiles, ceramics, gems and jewellery, chemicals and pharma products, it said. From April to Dec 2024, Gujarat's share in the country was 27.40% with a total export of 88.16 billion USD, it said. (With PTI input)

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