RB Investments, a firm founded by Rajesh and Rashmi Bothra, are facing serious allegations of financial fraud, reported DNA India. The investment firm has its operations in India and abroad as well. As per the news report, the couple is accused of defrauding Indian banks of approximately Rs 12,000 crore through a complex money-laundering scheme involving international channels.

The allegations have brought significant attention from Indian authorities, raising concerns over the Bothras’ business practices. As per the DNA India report, a whistleblower has claimed that the Bothras engaged in illegal activities, including criminal breach of trust, cheating, forgery, and conspiracy. They are also accused of violating the Prevention of Money Laundering Act (PMLA), 2002.

In response, a formal notice has been sent to the Enforcement Directorate (ED), urging the formation of a Special Investigation Team (SIT) with representatives from CBI, RBI, SEBI, and ED. This team is expected to thoroughly investigate RB Investments, Founder Bank Capital, and the companies that received their investments. The notice also calls for an inquiry into the lack of proper Know Your Customer (KYC) procedures by the involved companies. Rajesh and Rashmi Bothra are yet to respond to these allegations and the story will be updated with their response once available.