The Enforcement Directorate (ED) conducted searches at 14 premises pertaining to Sagar Diamond Limited, a BSE listed company, RHC Global Exports Limited, their director Vaibhav Dipak Shah and their associates in Surat SEZ, Ahmedabad and Mumbai in the Power Bank App fraud case.
During the search, cash worth 25 lakh, gold, diamonds and other valuables amounting to Rs 10 crore, digital devices, and documents related to bogus import/ export were seized.
