ED Raids Discovers Unaccounted Cash Stashed In Washing Machines

New Delhi, March 27 (TNA) The Enforcement Directorate (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 . These include M/s. Laxmiton Maritime, M/s. Hindustan International, M/s. Rajnandini Metals Limited, M/s. Stawart Alloys India Pvt Ltd; M/s. Bhagyanagar Limited, M/s. Vinayak Steels Limited, M/s. Vashishta Constructions Pvt Ltd.

Their directors/partners Sandeep Garg, Vinod Kedia and others at various locations in Delhi, Hyderabad, Mumbai, Kurukshetra and Kolkata were also raided. During the searches, various incriminating documents, digital devices and unexplained cash worth Rs. 2.54 Crore have been found and seized, 47 bank accounts have been frozen. Unaccounted cash was also found stashed in washing machines.