On Tuesday, the Enforcement Directorate seized Rs 2.54 crore in unexplained cash, some of which was found concealed in a washing machine, following searches conducted in multiple cities connected to a case of suspected violation of foreign exchange regulations.
The premises of companies such as Capricornian Shipping and Logistics Pvt Ltd, along with its directors Vijay Kumar Shukla and Sanjay Goswami, as well as associated entities like Laxmiton Maritime, Hindustan International, Rajnandini Metals Limited, Stawart Alloys India Pvt Ltd, Bhagyanagar Limited, Vinayak Steels Limited, Vashishta Constructions Pvt Ltd, were searched, as stated in an official announcement.
The central agency didn’t reveal the dates of these searches carried out at multiple locations in Delhi, Hyderabad, Mumbai, Kolkata, and Kurukshetra in Haryana. Details about the recovery location of the cash found in the washing machine were omitted.
This enforcement action was started based on credible information suggesting the involvement of these entities in large-scale foreign exchange transactions outside Bharat. They were also suspected of making suspicious outward remittances totaling Rs 1,800 crore to Galaxy Shipping and Logistics Pte Ltd. and Horizon Shipping and Logistics Pte Ltd, both managed by an individual named Anthony De Silva.
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