The Enforcement Directorate (ED) has arrested former BSP MLA Vinay Shankar Tiwari, son of late minister Harishankar Tiwari, in a major money laundering probe. His associate, Ajit Pandey, director of their company Gangotri Enterprises, was also held.
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The arrests followed simultaneous raids at Tiwari’s properties in Gorakhpur, Lucknow, Noida, and Mumbai earlier on Monday. Sources confirm the ED has finalized a chargesheet, set to be filed in court soon.
Investigations reveal Gangotri Enterprises Ltd, led by Tiwari and others, secured ₹1,129.44 crore in loans from a Bank of India-led consortium. The funds were allegedly diverted to shell companies, causing a ₹754.24 crore loss to banks.
In November 2023, the ED attached Tiwari’s assets worth ₹72.08 crore—including agricultural land, residential plots, and commercial complexes across Gorakhpur, Maharajganj, and Lucknow. The probe began after CBI registered a case based on bank complaints.
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Tiwari and his associates face charges under the Prevention of Money Laundering Act (PMLA). The ED’s crackdown underscores tightening scrutiny on high-profile financial crimes.
