ED Conducts Raids in Pune and Baramati in Rs 10 Crore Dairy Investment Fraud Case
ED Conducts Raids in Pune and Baramati in Rs 10 Crore Dairy Investment Fraud Case
Authorities from the Enforcement Directorate (ED) carried out extensive searches in Pune and Baramati on Wednesday as part of an investigation into a multi-crore cheating case connected to the dairy sector. The central agency targeted two locations in Pune and three sites in Baramati as part of its ongoing probe against the accused, Vidyanand Dhairi and Anand Lokhande.
The case revolves around allegations that a couple defrauded several businessmen from Pune and Mumbai of nearly Rs 10 crore by promising unusually high returns on investments in dairy-related ventures. ED sources revealed that the scam may also involve some senior government officials who reportedly fell victim to the alleged fraud.
Baramati Dairy Private Limited has formally lodged a complaint accusing Anand Satish Lokhande (28) and Vidya Satish Lokhande (24), residents of Jalochi in Baramati taluka, of cheating the company of Rs 10.21 crore. The Enforcement Directorate is conducting detailed raids at the accused’s native village to uncover evidence related to the financial irregularities.
Reports indicate that the accused had purchased butter worth Rs 2 crore and milk worth Rs 93 lakh from a Mumbai-based supplier but failed to pay the required instalments. The couple allegedly portrayed themselves as young entrepreneurs with political connections, claiming support from an influential political leader, and used this image to gain trust and lure investors. Additionally, they reportedly established multiple companies across various sectors in Baramati district to facilitate the fraudulent operations and amass substantial sums from unsuspecting individuals.
The Enforcement Directorate carried out searches at two locations in Pune and three in Baramati in connection with an alleged ₹10-crore cheating case related to investments in the dairy sector. The probe focuses on Vidyanand Dhairi and Anand Lokhande, accused of duping several… pic.twitter.com/FG7kXI7h52
— IANS (@ians_india) December 10, 2025
The Enforcement Directorate continues to investigate the complex case, aiming to trace the flow of funds and determine the full extent of the scam. Authorities are also examining links to other victims and potential accomplices to bring all responsible parties to justice. As the investigation unfolds, more details are expected to emerge regarding the accused’s operations, the involvement of government officials, and the mechanisms used to perpetrate the fraud.
