Enforcement Directorate seizes Rs 2.54 crore in cash, including hidden in a washing machine, during searches linked to alleged foreign exchange law violations by Capricornian Shipping Logistics Pvt Ltd.
The Enforcement Directorate (ED) has seized Rs 2.54 crore in cash, including some hidden in a washing machine, during searches linked to a case of alleged violations of foreign exchange laws. The searches targeted Capricornian Shipping Logistics Pvt Ltd, its directors, and associated entities in multiple cities. The ED claims that these entities sent large sums of foreign exchange outside India and made suspicious outward remittances of Rs 1,800 crore to Singapore-based entities. The ED has also frozen 47 bank accounts.
March 26, 2024
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