Tribune News Service
New Delhi, July 11
The Enforcement Directorate (ED) on Saturday mentioned it had seized Rs 3.57 crore unaccounted money of a number of tour and journey corporations in a search carried out underneath the Foreign Exchange Management Act (FEMA) within the nationwide capital and adjoining Ghaziabad.
Officials within the central monetary probe company mentioned the searches had been carried out at eight completely different areas in Delhi and Ghaziabad, together with residences and places of work of administrators of many tour and journey corporations and their chartered accountants (CAs) on July 9 and seized unaccounted Indian forex together with a number of incriminating paperwork and digital information.
“Investigations under FEMA were initiated against various entities on the basis of specific inputs that these were involved in unauthorised receipt of foreign remittances through payment gateways in the name of providing e-visa services to foreigners,” a senior ED official mentioned.
Investigations carried out within the instances thus far have revealed that two such entities obtained international remittance of greater than Rs 200 crore for processing Indian e-visa purposes of foreigners with none authorisation from the Government of India, they mentioned.
The ED officers mentioned these entities had been additionally concerned in excessive worth suspicious transactions and the probe additionally revealed that sure CAs performed a key function in managing the affairs of those entities.
They mentioned the seizure amounting to Rs 3.57 crore in the course of the search operations had additionally created suspicion in regards to the operations of such entities and their blatant violation of the statutory necessities, that are being additional investigated.