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ED conduct searches at four premises, seize gold and silver worth 47.76 crore
Updated On: 14 September, 2022 04:24 PM IST | Mumbai | Faizan Khan
The Enforcement Directorate (ED) had registered a money laundering case against M/s Parekh Aluminex Limited in 2018
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The recovered gold
The Directorate of Enforcement (ED) has concluded an ongoing search operation at 4 premises belonging to M/s Raksha Bullion and M/s Classic Marbles. The searches were conducted in connection with the money laundering probe in case of M/s Parekh Aluminex limited. During the searches, the agency has recovered more than 91 Kg gold and 188 Kg of silver from the secret lockers of the company, official sources said.
Earlier, the Enforcement Directorate, had recorded Money Laundering case against M/s Parekh Aluminex Limited on 08.03.2018, under the provisions of PMLA, 2002, they said.
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