India News | ED Seizes over Rs 30 Lakh Indian, Foreign Currency in Major Multi-state Raid
Get latest articles and stories on India at LatestLY. The Enforcement Directorate (ED) has confiscated Rs 30.50 lakh, along with 6,410 Euros, 3,062 USD, five Singapore Dollars, and 2,750 Swiss Francs, during a multi-state operation last week, the agency said on Thursday.
New Delhi [India], October 24 (ANI): The Enforcement Directorate (ED) has confiscated Rs 30.50 lakh, along with 6,410 Euros, 3,062 USD, five Singapore Dollars, and 2,750 Swiss Francs, during a multi-state operation last week, the agency said on Thursday.
The raid, conducted under the Foreign Exchange Management Act (FEMA), 1999, also resulted in the seizure of digital devices and various incriminating documents.
Multiple teams of the federal agency carried out the search operation at fourteen locations in Mohali (Punjab), New Delhi, Noida (Uttar Pradesh), Ghaziabad (Uttar Pradesh) and Mumbai (Maharashtra) in connection with the investigation regarding receipt of huge and irregular foreign inward remittances by Vuenow Marketing Services Ltd, Vuenow Infotech Pvt Ltd and Zebyte Rental Planet Pvt Ltd in lieu of providing database and data processing services.
The raids were conducted on October 17.
The searches were conducted at the office premises of these companies and the residences of key persons related to them resulting in the recovery and seizure of Indian currency and foreign currencies. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)