The Enforcement Directorate (ED) has achieved significant success in its recent operations. Acting on credible information regarding the illicit transfer of foreign currency from India, the ED initiated raids and investigations on several institutions. During these searches conducted in Delhi, Hyderabad, Mumbai, Kurukshetra, and Kolkata, the ED seized Rs 2.54 crore. Notably, a substantial portion of this amount was discovered concealed within a washing machine.
The raids primarily targeted M/s Capricorn Shipping and Logistics Private Limited, along with its directors Vijay Kumar Shukla and Sanjay Goswami, as well as their associated entities such as M/s Lakshmiton Maritime and M/s Hindustan International. Additionally, searches were conducted at Rajnandini Metals Limited, M/s Stewart Alloys India Private Limited, M/s Bhagyanagar Limited, M/s Vinayak Steels Limited, M/s Vashishtha Construction Private Limited, and their director-partners Sandeep Garg and Vinod Kedia.
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Further investigations by the ED revealed suspicious transactions amounting to Rs 1800 crore directed to M/s Galaxy Shipping & Logistics Pvt Ltd and Horizon Shipping & Logistics Pvt Ltd in Singapore, both managed by Anthony de Silva. These funds were routed under the pretext of fake imports and freight services, facilitated by entities such as M/s Neha Metals, M/s Amit Steel Traders, M/s Triple M Metal and Alloys, and M/s HMS Metals.
In addition to the seizure of currency, various incriminating documents and digital devices were confiscated during the search operations. Furthermore, the ED has taken action to freeze 47 bank accounts associated with the implicated institutions.
