top of page

Enforcement Direcotrate Finds Rs 2.5 Crore Stashed In Washing Machine During Ride


In a case of violation of FEMA rules, when the Enforcement Directorate (ED) officials were conducting searches in the houses owned by a company, huge wads of currency notes were found in the washing machine. Officials were shocked to see such a large bundle of currency notes in the washing machine. According to the details disclosed by the ED, reliable information was received that Capricornian Shipping-Logistics and its affiliates violated the Foreign Exchange Management Act and conducted suspicious transactions with the help of bogus companies. The ED entered the field after receiving information that transactions worth Rs. 1,800 crore were made in Galaxy Shipping and Logistics and Horizon Shipping and Logistics of Singapore in the name of bogus freight services, imports etc. These two foreign companies were found to be operating under the name of Anthony de Silva. Searches were conducted at the residences of Capricornian Shipping-Logistics, its directors Vijay Kumar Shukla and Sanjay Goswami as well as the premises of subsidiaries Lakmitan Maritime, Hindustan International, Rajnandini Metals Limited, Stewart Alloy India Limited, Bhagyanagar Limited, Vinayak Steels Limited and Vashishtha Construction.

Comments