New Delhi, February 26: The Enforcement Directorate (ED) has provisionally attached land parcels in Madhya Pradesh and bank deposits totaling nearly ₹8 crore in connection with a money laundering probe linked to drug trafficking. The case involves Hyderabad-based JR Infinity Private Ltd., its promoter Aashish Jain, and his family members.
The agency issued the attachment order under the Prevention of Money Laundering Act (PMLA) as part of an ongoing investigation initiated following a complaint by the Narcotics Control Bureau (NCB) in May 2022.
Illegal Internet Pharmacy Operation
According to the ED, Aashish Jain allegedly operated an illegal Internet pharmacy that offered telemarketing call center and search engine optimization (SEO) services. Through this setup, the firm illicitly exported psychotropic substances, including Alprazolam, Zolpidem, Lorazepam, Clonazepam, Hydrocodone, and Oxycodone.The investigation further revealed that before incorporating JR Infinity Pvt. Ltd., Jain and his family received foreign remittances of ₹4.50 crore in their personal bank accounts. These funds were allegedly earned through the illegal sale of drugs abroad, violating the Narcotic Drugs and Psychotropic Substances (NDPS) Act.
Proceeds of Crime and Asset Attachment
The total proceeds of crime identified in the case stand at ₹12.76 crore, according to the ED. The agency discovered that these funds were used to create fixed deposits and purchase immovable properties in Jain and his family's names.The attached properties include:
- Land parcels worth ₹6.52 crore in Indore, Madhya Pradesh
- Bank balance and fixed deposits worth ₹1.46 crore
The accused and his family have yet to respond to the allegations against them. The ED’s investigation into the case is ongoing.
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