The Directorate of Enforcement (ED) has conducted search and survey operations at 15 different places in Nagpur and Mumbai in an ongoing investigation under PMLA 2002 (Prevention of Money Laundering Act, 2002) relating to the investment fraud of Pankaj Mehadia and others. 

Searches were done on Friday at the residences and offices of Pankaj Mehadia, Lokesh Jain, and Karthik Jain, who was the main accused of the alleged scam. Besides, searches were also done on the office and residential premises of the main beneficiaries. Gold and diamond jewellery worth Rs 5.51 crore, cash of approximately Rs 1.21 crore, digital devices and various incriminating documents were recovered during the searches.