In Maharashtra, the Enforcement Directorate, ED conducted searches at multiple locations yesterday in connection with an alleged 328 crore rupee farm loan fraud. <br />''<br />''The ED raided 10 locations in Mumbai and Parbhani district as part of a criminal case filed under the Prevention of Money Laundering Act against Ratnakar Gutte, the chairman of Gangakhed Sugar and Energy Private Limited (GSEPL).<br />''<br />''The agency said the GSEPL has fraudulently availed loans from various banks in the guise of crop loans for 8-10 thousand farmers on the basis of guarantee given by the firm.<br />''<span style="color: #222222;"><br />''The ED had filed a criminal case a few years ago, on the basis of an FIR lodged against GSEPL, its chairman and directors, among others.</span>