look news india
By now you might have seen money being hidden inside a locker, container or wall, but have you ever seen someone hiding money in a washing machine? In fact, the Enforcement Directorate (ED) on Tuesday seized 'unaccounted' cash worth Rs 2.54 crore, a part of which was in 'washing machines', during searches in various cities in a case of alleged violation of the Foreign Exchange Act (FEMA). was kept hidden
The ED said in a statement that the premises of companies like Makar Shipping and Logistics Pvt Ltd and its directors Vijay Kumar Shukla and Sanjay Goswami and related companies were searched. According to the investigating agency, the companies linked to him include Laxmiton Maritime, Hindustan International, Rajnandani Metals Limited, Stuart Alloys India Private Limited, Bhagyanagar Limited, Vinayak Steels Limited, Vashishtha Construction Private Limited and complexes of their directors/partners Sandeep Garg. Vinod Kedia and others were searched.
However, the ED did not say when the searches were conducted at various locations in Delhi, Hyderabad, Mumbai, Kolkata and Kurukshetra in Haryana. The agency also did not reveal where the seized cash was kept in the 'washing machine'. During the search, unaccounted cash worth Rs 2.54 crore was found, a part of which was hidden in the 'washing machine'. Transactions from a total of 47 bank accounts have also been banned, the ED said.