Enforcement Directorate Conducts Raids Across Cities, Seizes Assets in Money Laundering Probe

Enforcement Directorate Conducts Raids Across Cities, Seizes Assets in Money Laundering Probe

Last Updated May - 21 - 2025, 01:27 PM | Source : Fela News

ED carried out searches in Mumbai, Bengaluru, Jalandhar, Indore, and Kolkata, seizing foreign currency, gold, freezing bank accounts, and confiscating documents

On Wednesday, May 21, 2025, the Enforcement Directorate (ED) conducted search operations across multiple cities, including Mumbai, Bengaluru, Jalandhar, Indore, and Kolkata, as part of its investigation into alleged money laundering linked to a company. The searches were carried out under the Prevention of Money Laundering Act (PMLA), 2002, the agency announced on social media.

During the raids, the ED confiscated foreign currencies such as U.S. Dollars, Singapore Dollars, and Dirhams totaling approximately ₹6.43 lakh, along with gold bullion valued at ₹55.74 lakh. Additionally, bank accounts with a combined balance of around ₹94 lakh were frozen. The agency also seized property documents, several digital devices, and other incriminating papers related to the case.

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