A portion of the Rs 2.54 crore in cash that the investigation team found during the searches was hidden in a washing machine.
Digital Desk: In connection with a forex violation case, the Enforcement Directorate conducted searches in many cities and found Rs 2.54 crore in cash, part of which was inside a washing machine.
The investigation agency stated in a statement on Tuesday that it searched the locations of Capricornian Shipping & Logistics Pvt Ltd, its affiliated companies, and its directors, Vijay Kumar Shukla and Sanjay Goswami.
We searched in Delhi, Hyderabad, Mumbai, Kurukshetra, and Kolkata, among other places.
The associated entities are M/s Laxmiton Maritime, M/s Hindustan International, M/s Rajnandini Metals Limited, M/s Stawart Alloys India Pvt Ltd; M/s Bhagyanagar Limited, M/s Vinayak Steels Limited, M/s Vashishta Constructions Pvt Ltd; and their directors partners Sandeep Garg, Vinod Kedia.
The Enforcement Directorate claims that these organizations sent suspicious external remittances of Rs 1,800 crore to M/s Galaxy Shipping & Logistics Pvt Ltd and M/s Horizon Shipping & Logistics Pvt Ltd, two Singapore-based businesses.
The Enforcement Directorate discovered that these transfers were conducted via shell companies to conceal them as real freight services imports and layer them through a complicated web of activities.
A portion of the Rs 2.54 crore in cash that the investigation team found during the searches was hidden in a washing machine.
During the searches, further digital devices and several documents that could be used as evidence were discovered and taken.
According to the investigation agency, 47 bank accounts belonging to the concerned organizations were also placed on hold.
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