Enforcement Directorate vs Shashank Pandey

Timeline

1. 31 Oct 2026News

   ED Raids Nagpur Builder Over Alleged Property Fraud, Seizes ₹1.95 Crore Cash, Freezes Bank Deposits Worth ₹40 Lakh

   The ED seized Rs 1.95 crore in cash and froze bank deposits worth over Rs 40 lakh during raids linked to Nagpur builder Shashank Pandey. He is accused of cheating a widow of Rs 9.4 crore and selling mortgaged flats without informing homebuyers.

   Free Press Journal

   Explanation in simple terms

   What:

   The Enforcement Directorate raided a builder and seized money and bank assets.

   Who:

   The Enforcement Directorate is an investigative agency and Shashank Pandey is the accused builder.

   When:

   Reported on 31 Oct 2026.

   Where:

   Nagpur, Maharashtra.

   Why:

   The accused is allegedly involved in property fraud, cheating a widow, and selling mortgaged flats to homebuyers.

   What it means:

   The agency has taken control of these assets as part of its ongoing investigation.

2. 31 Oct 2026News

   Nagpur: ₹1.95 crore in cash, ₹40 lakh in bank, and benami property

   The ED raided the premises of Prayag Developers owner Shashank Pandey in a land and flat fraud case in Nagpur. In this operation, ₹1.95 crore in cash was seized, ₹40 lakh in bank accounts were frozen, and benami property worth crores was unearthed.

   Dainik Jagran

   Explanation in simple terms

   What:

   The Enforcement Directorate raided properties and seized cash and bank funds during a land and flat fraud investigation.

   Who:

   The Enforcement Directorate is the government agency, and Shashank Pandey is the owner of Prayag Developers.

   When:

   Reported on 31 Oct 2026.

   Where:

   Nagpur, Maharashtra.

   Why:

   These actions were taken because Shashank Pandey is allegedly involved in a land and flat fraud case.

   What it means:

   The Enforcement Directorate has seized cash, frozen bank accounts, and discovered property held in other names.