ED searches in Rajasthan, Noida, Mumbai

NEW DELHI: ED searched 16 locations in Jaipur, Ajmer, Udaipur, Noida and Mumbai on Friday in connection with alleged money laundering involving illegal foreign remittances of more than Rs 400 crore. The agency said huge remittances were made in lieu of gold/diamond/precious stones smuggling. It has seized Rs 10 lakh in cash and digital records.

ED’s case is based on FIRs registered by the Customs Jodhpur Commissionerate “which revealed that Rs 400 crore was remitted to entities based in Hong Kong and the UAE through various bank accounts of Belstar Techno Solution Pvt Ltd and Visual Bird Technology, after routing it through a web of multiple shell companies”.
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