India News | ED Searches Multiple States in 'illegal' Foreign Remittances Case
Get latest articles and stories on India at LatestLY. The Enforcement Directorate conducted multi-state searches on Friday as part of a money laundering investigation linked to alleged illegal remittances worth crores of rupees from India to some foreign shores using shell companies, official sources said.
New Delhi, Mar 7 (PTI) The Enforcement Directorate conducted multi-state searches on Friday as part of a money laundering investigation linked to alleged illegal remittances worth crores of rupees from India to some foreign shores using shell companies, official sources said.
The case stems from a Customs department complaint against certain persons operating from Jaipur in Rajasthan.
The raids are being conducted in Jaipur, Udaipur and Ajmer, Mumbai, Surat and Noida, the sources said.
The premises of some businessmen and linked persons are being searched as part of an investigation into alleged illegal remittances worth crores of rupees using shell or bogus companies, they said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)