Delhi Excise Coverage Rip-off ED raids: scamIn reference to the Delhi Excise Coverage rip-off, the Enforcement Directorate (ED) has seized Rs 1 crore from the home of a businessman within the nationwide capital, sources stated on Saturday.
Following the seizure of the money, the ED will now name him to hitch the investigation, the sources stated with out offering any additional particulars.
The businessman`s home was searched because the probe company on Friday carried out day-long raids at greater than 35 areas throughout Punjab, Delhi and Andhra Pradesh.
The raids have been carried out after the interrogation of Sameer Mahendru, an accused within the central company`s custody, throughout which the ED came upon Punjab and Andhra Pradesh had connections within the case.
Mahendru was earlier positioned beneath arrest by the ED. It was the second arrest within the Excise Coverage rip-off and first arrest by the ED.
There are allegations that Arun Ramchandra Pillai, a resident of Kokapet in Hyderabad, used to gather undue pecuniary benefit from Mahendru for onward transmission to accused public servant Vijay Nair.
Now, the probe company is amassing the documentary and digital proof to nail the cash path in cash laundering. The ED is making an attempt to make a water tight case by making an attempt to unearth the layering of laundered cash.
Friday`s raids have been the third in reference to the Excise Coverage Rip-off.
To this point, the ED has raided round 100 areas.
