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ED raid Capricornian shipping: Delhi: Enforcement Directorate officials raided a logistics company and seized huge cash. ED officials conducted raids on Tuesday in Delhi, Hyderabad, Mumbai, Kurukshetra and Kolkata in connection with the logistics company. ED officials were surprised to find cash of Rs.2.54 crore. ED revealed in the account that unaccounted cash was seized. ED has written that 47 bank accounts have been frozen.
The Enforcement Directorate (ED) conducted raids on the logistics company on Tuesday. While searching in many cities across the country, Rs. 2.54 crores has been identified. ED said the searches were conducted as per FEMA 1999 rules. Directors of Capricorn Shipping and Logistics Company Limited are Vijay Kumar Shukla, Sanjay Goswami, Directors of its subsidiaries Laxmiton Maritime, Hindustan International, Raj Nandini Metals Limited, Stewart Alloys India Pvt Ltd, Bhagyanagar Limited, Vinayak Steels Limited, Vashishta Constructions Pvt Ltd and partners Sandeep. Garg, Vinod Kedia and other residences were raided by ED in Delhi, Hyderabad, Mumbai, Kurukshetra and Kolkata.
ED has conducted searches under the provisions of FEMA, 1999 at the premises of M/s. Capricornian Shipping & Logistics Pvt Ltd and its directors Vijay Kumar Shukla and Sanjay Goswami and associated entities M/s. Laxmiton Maritime, M/s. Hindustan International, M/s. Rajnandini… pic.twitter.com/0EDzrjrlRJ
— ED (@dir_ed) March 26, 2024
The ED has taken up an investigation into the transfer of foreign exchange from India. In this order, Galaxy Shipping & Logistics Pvt Ltd of Singapore, Horizon Shipping & Logistics Pvt Ltd of Singapore Rs. 1,800 crore payments were found by ED. A man named Anthony de Silva is accused of having links with it. The ED has intensified its investigation into cash transactions in the name of shell companies Neha Metals, Amit Steels Traders, Triple M Medal, HMS Metals and other companies. In this order, it is stated that crores of rupees cash was found in the washing machine at home.
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