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Mumbai,
Sep 30 (PTI) The Enforcement Directorate on Wednesday conducted searches in four states as part of an investigation linked to an alleged bogus Corporate Social Responsibility (CSR) donation racket, officials said.
They said a total of eight locations in Maharashtra, West Bengal, Gujarat and Delhi-NCR were covered as part of the action.
The premises belong to market operators, trustees and middle men after it was prima facie found that a “bogus” CSR racket was operating and this alleged fraud ran into hundreds of crores of rupees, they said.
The ED suspects that trusts were created specifically for channelising back the mandatory CSR contributions to the donors in lieu of a commission, officials said. PTI NES DV
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