In a case of FEMA i.e. Foreign Exchange Act, the Enforcement Directorate (ED) raided the locations of some companies in many cities.
During the search, the Central Investigation Agency has found cash worth crores of rupees. The special thing is that among the amount recovered by ED, cash was also found hidden in a washing machine at one place.
The agency has informed that transactions from 47 bank accounts have also been banned.
The ED said in a statement that searches were conducted at the premises of companies like Capricornian Shipping and Logistics Pvt Ltd and its directors Vijay Kumar Shukla and Sanjay Goswami and related companies.
However, the ED did not say when these searches were conducted at various places in Delhi, Hyderabad, Mumbai, Kolkata and in Kurukshetra in Haryana.
According to the federal agency, these associated companies include the premises of Lakshmiton Maritime, Hindustan International, Rajnandini Metals Ltd, Stewart Alloys India Pvt Ltd, Bhagyanagar Ltd, Vinayak Steels Ltd, Vashishtha Construction Pvt Ltd and their directors/partners Sandeep Garg, Vinod Kedia and others. Was searched.
The agency also did not mention where the cash was kept in the ‘washing machine’ which has been seized.
During the search, unaccounted cash worth Rs 2.54 crore was found, a part of which was hidden in the ‘washing machine’.
The ED had received ‘reliable information’ that companies were involved in sending foreign exchange out of India on a large scale.
These companies have sent Rs 1800 crore to Singapore’s Galaxy Shipping and Logistics and Horizon Shipping and Logistics.
Anthony de Silva has the responsibility of handling both these companies.