Tuesday 14 July 2020

ED raids six places in Chandigarh, seizes over Rs 1.5 crore

- Posted on 07 December 2017

 

Chandigarh, Dec 7 (IANS) The Enforcement Directorate on Thursday carried out searches at over half a dozen places in Chandigarh against hawala traders and seized over Rs 1.5 crore in cash, as also several incriminating documents, an official said. The official said searches were carried out at the premises of Ajay Buddhiraja of Buddhiraja Forex, from where Rs 34 lakh in Indian currency and Rs 14.69 lakh in foreign currency was seized. He said Rs 60 lakh was seized from Buddhiraja’s residence. As many as Rs 10.01 lakh were seized from a person who had come to the premises for money transaction after he failed to satisfy ED team about it. The agency also carried out searches at the residence and offices of Talwar Jewellers owner and seized Rs 20 lakh. Raid on businessman Puneet Arora, who owns Beacon Steels, led to seizure of Rs 14 lakh. The raids come in the wake of ED probe under the Foreign Exchange Management Act against the hawala operators. –IANS aks/tsb/vm

Read more

Punjabupdate is the free media platform established with a view to uphold what the fourth estate stands for without making any tall claims. Our practice so far has been to be non-conformist rather than flowing with the tide. We know this is not the easy path but then it has always been so. It is credibility and independence that are dear to us and epitomise our core values. We will question what is wrong and espouse what we feel is the right cause, at the same time fully conscious that both are relative terms but we will go by the interpretations are rooted in the collective consciousness of the people. At the same time, we will not stake any claim to be moralists as that can the most difficult test to pass and we admit it.
Copyright 2020 © punjabupdate.com