Date : 27-03-2024
New Delhi: The Enforcement Directorate (ED) has conducted searches in multiple cities resulting in the seizure of ₹ 2.54 crore in cash under circumstances deemed “unexplained”. Among the discovered cash, a portion was ingeniously concealed within a washing machine. These actions stem from suspicions of breaches in foreign exchange regulations.
The premises of numerous companies and their respective directors were scrutinized, including Capricornian Shipping and Logistics Pvt Ltd, Laxmiton Maritime, Hindustan International, Rajnandini Metals Limited, Stawart Alloys India Pvt Ltd, Bhagyanagar Limited, Vinayak Steels Limited, and Vashishta Constructions Pvt Ltd. The individuals under investigation include Vijay Kumar Shukla, Sanjay Goswami, Sandeep Garg, Vinod Kedia, and others associated with these companies.
The searches were conducted across various locations such as Delhi, Hyderabad, Mumbai, Kolkata, and Kurukshetra in Haryana over recent days. However, the specific location where the cash concealed in the washing machine was discovered remains undisclosed by the ED.
This enforcement action was prompted by credible intelligence indicating the involvement of these entities in significant outward remittances of foreign exchange from India. Allegedly, they facilitated suspicious outward remittances amounting to ₹ 1,800 crore to Singapore-based entities, Galaxy Shipping and Logistics, and Horizon Shipping and Logistics.
Anthony De Silva manages both overseas entities. Capricornian Shipping and Logistics, Laxmiton Maritime, and their affiliates purportedly remitted ₹ 1,800 crore to these Singapore-based entities, disguising the transactions as payments for fictitious freight services and imports.
These transactions were facilitated through intricate maneuvers involving shell entities like Neha Metals, Amit Steel Traders, Triple M Metal and Alloys, and HMS Metals.
Aside from the cash discovery, which included ₹ 2.54 crore, part of which was concealed within a washing machine, the raids also led to the seizure of various incriminating documents and digital devices. Furthermore, a total of 47 bank accounts associated with the entities involved have been frozen.
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