Enforcement Directorate (ED) detectives came upon a remarkable sight when they searched and found Rs 2.5 crores in hidden cash inside a washing machine. Raids were conducted at several locations in Delhi, Hyderabad, Mumbai, Kurukshetra, and kolkata against Capricornian Shipping & Logistics Pvt Ltd, its directors Vijay Kumar Shukla and Sanjay Goswami, and associated entities Laxmiton Maritime, Hindustan International, Rajnandini Metals Limited, Stawart Alloys india Pvt Ltd, Bhagyanagar Ltd, Vinayak Steels Limited, and Vashishta Constructions Pvt Ltd, as well as their directors/partners sandeep Garg, Vinod Kedia, and others.
 
Following FEMA, in 1999, the ED carried out searches, according to a news statement. After receiving credible information that some entities were involved in the suspicious outward remittances of Rs 1,800 crores to Galaxy Shipping & Logistics Pvt Ltd, Singapore, and Horizon Shipping & Logistics Pte Ltd, Singapore, the Enforcement Department (ED) opened an investigation. The press statement said that Anthony De Silva is the only person in charge of these overseas organizations.

Under the pretense of phony goods services and imports, Capricornian Shipping & Logistics Pvt Ltd, Laxmiton Maritime, and their associates were discovered to have sent outward remittances totaling Rs 1,800 crores to entities in Singapore. The transactions were concealed through complex dealings involving shell companies, including Neha Metals, amit Steel Traders, Triple M Metal and Alloys, and HMS Metals, among others.
 
Various wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital gadgets, damning papers, and unexplained cash totaling Rs. 2.54 crore were discovered and confiscated during the searches, and 47 bank accounts were suspended.
 
 

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27/03/2024 09:08 AM