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**Headline: ED Raids Chennai Locations in ₹200 Crore Bank Fraud Probe**
**CHENNAI, September 19, 2025** – The Enforcement Directorate (ED) conducted searches at six locations across Chennai today as part of an ongoing investigation into a suspected ₹200 crore bank fraud. The raids targeted properties linked to GRK Reddy, an individual reportedly associated with the Marg group and suspected to be a “benami” (proxy) for an unnamed political leader.
The ED operations, conducted under the Prevention of Money Laundering Act (PMLA), centered on Mr. Reddy’s residence in Srinagar Colony, Saidapet. Officials have confirmed that the investigation is rooted in a ₹200 crore bank fraud case, for which the Central Bureau of Investigation (CBI) has already filed a First Information Report (FIR) against Mr. Reddy and the Marg group.
The ED also searched the residence of Mohan Kattri, a diamond merchant located in Purasaiwalkam. The searches commenced early Thursday morning.
The investigation is ongoing, and further details are awaited.
First Piper 