Cough Syrup Case: The Enforcement Directorate (ED) has made many shocking revelations while strengthening its grip on the smuggling of illegal cough syrup and the money laundering network related to it. Illegal income worth crores of rupees, hundreds of shell companies and luxury items have been exposed in the raids conducted in various cities across the country. Preliminary investigation has revealed that this is a case of an organized and large-scale syndicate.
Documents of 189 fake companies seized in Ranchi
ED has seized documents related to 189 suspected fake companies from the office of M/s Seely Traders in Ranchi, Jharkhand. Investigation has revealed that these companies had done illegal transactions by showing fake turnover of about ₹ 450 crore.
Luxury bags and expensive watches found from the house of the main accused
On opening the locked house of the main accused Shubham Jaiswal, ED found expensive bags like Prada and Gucci and watches of Rado and Audremo Piguet brands. Their estimated price is more than ₹ 1.5 crore. Evidence of Rs 1.5 crore to Rs 2 crore cash spent in the interior of the house has also been found.
Raid on the luxurious house of suspended constable in Lucknow
During a raid on the house of suspended constable Alok Pratap Singh in Lucknow, Uttar Pradesh, it was revealed that he had built a grand house in a posh area. The construction cost of this house is estimated to be around ₹5 crore, while the price of the land will be decided separately.
ED raids on pharmaceutical companies in Ahmedabad
The raids were conducted at the premises of M/s Rpic Pharmaceuticals Pvt Ltd and its subsidiary, M/s Idhika Life Sciences in Ahmedabad, Gujarat. Evidence of illegal sale and misuse of codeine-based cough syrup and unaccounted transactions worth crores of rupees was found. Two mobile phones of the company’s directors were also seized. ED had obtained data of 140 companies from chartered accountant Vishnu Aggarwal. These companies are suspected to be involved in illegal money laundering.
Indications of money transfer from 125 companies in Saharanpur
The investigation by Vibhor Rana and his associates in Saharanpur, Uttar Pradesh had revealed evidence of money transfer and diversion of 125 companies. Illegal funds of these companies were transferred to various accounts.
ED investigation is ongoing, more revelations likely
According to ED, a complete investigation of the seized documents, bank accounts and properties is underway. The investigation is being further expanded to uncover the sources and entire network of illicit funds. The agency says that there is a possibility of more big revelations in this matter in the coming days.