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ED conducts searches at seven different locations in money laundering probe
Updated On: 18 October, 2023 02:15 PM IST | Mumbai | Faizan Khan
The Mumbai crime branch previously uncovered a significant drug syndicate, leading to the arrest of seven individuals and the seizure of a substantial amount of Ketamine and Viagra tablets
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Kailash Rajput (L) and Ali Asgar Shirazi (R)
The Enforcement Directorate (ED) conducted searches at seven different locations in Mumbai on Monday as part of their investigation into money laundering allegations related to a drug smuggling case involving alleged drug lord Ali Asgar Shirazi. Shirazi, who is believed to have strong ties with the wanted drug syndicate leader Kailash Rajput, is accused of smuggling drugs worth more than Rs 200 crore to Europe and Australia. The Mumbai crime branch previously uncovered a significant drug syndicate, leading to the arrest of seven individuals and the seizure of a substantial amount of Ketamine and Viagra tablets.
In light of the findings by the crime branch, the Enforcement Directorate recently initiated an Enforcement Case Information Report (ECIR) under the Prevention of Money Laundering Act (PMLA). During their recent raids, the ED team visited various locations, including the premises of Mehreen Aliasgar Shirazi, the wife of Ali Asgar Shirazi, where they recovered cash and documents. Additionally, they searched Pan Liner Freight Forwarders Private Limited and Hustlers Hospitality Private Limited, uncovering crucial documents implicating the individuals involved.
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