The Directorate of Enforcement on Friday conducted raids at Bollywood producer Paran Sanghvi's properties in Mumbai in a money laundering case. The properties of the CEO of Alumbra Entertainment and Lotus Film company are reportedly being searched in connection with a bank default case.
News agency ANI reported: "Enforcement Directorate raids are underway at the properties and offices of producer Parag Sanghavi in connection with a bank default case."
Sanghvi has bankrolled several hit films including 'The Attacks of 26/11', Amitabh Bachchan's 'Sarkar', Salman Khan's 'Partner', Ajay Devgn's 'Golmaal-Fun Unlimited'.
Further details awaited.
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