Raids Conducted in Rajasthan, Maharashtra, Gujarat, and Uttar Pradesh
In a significant crackdown, the Enforcement Directorate (ED) launched extensive multi-state raids on Friday as part of an ongoing money laundering investigation related to illegal remittances amounting to crores of rupees. According to official sources, these illegal transfers allegedly occurred through shell companies established to facilitate the movement of money from India to various foreign destinations.Investigation Initiated Following Customs Complaint
The current action by the ED originates from a formal complaint lodged by the Customs Department against several individuals operating primarily out of Jaipur in Rajasthan. Officials indicated that the suspects used fraudulent entities to conceal their illicit financial activities, prompting immediate enforcement measures.Multiple Locations Under Scrutiny
The ED carried out coordinated searches across multiple locations including Jaipur, Udaipur, and Ajmer in Rajasthan; Mumbai in Maharashtra; Surat in Gujarat; and Noida in Uttar Pradesh. These searches specifically targeted business premises and individuals believed to be involved in or linked to the operation of fictitious companies engaged in facilitating illegal financial flows abroad.Authorities confirmed the operation aims to dismantle the network of shell or bogus companies implicated in illegally transferring substantial sums overseas.
Further details on the findings of these raids are awaited as the investigation continues to unfold.
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