BMWs, Mercedes, Land Rovers Seized In SBI Car Loan Scam In Pune: ED | Pune News
Last Updated:November 29, 2025, 20:10 IST ED seized BMW, Mercedes-Benz, Land Rover cars in Pune after raids linked to a major State Bank of India car loan fraud. Investigators believe the use of a third-party account may have been an attempt to hide the real source of the money Multiple high-end luxury vehicles, including BMWs, Mercedes-Benz cars and Land Rovers, were seized during coordinated raids conducted by the Enforcement Directorate in connection with a major State Bank of India (SBI) car loan fraud case, officials said on Saturday. The investigation agency searched 12 residential and office premises of loan borrowers and car dealers in Pune and seized incriminating documents. The ED probe found that the accused procured high-value car loans by using forged documents, thereby defrauding the bank. The Enforcement Directorate’s Mumbai Zonal Office carried out search operations on November 25 and 26 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. The searches were also directed at the then-branch manager of SBI, Amar Kulkarni. The searches resulted in the identification of …


