NEW DELHI: The Enforcement Directorate (ED) on Monday conducted searches at the business and residential premises of Dharminder Singh Anand and others for alleged indulgence in hawala transactions for controversial meat exporter Moin Qureshi. The agency recovered over Rs three crore in cash during the searches.
Acting on an Intelligence inputs, the ED conducted searches at Damini Travel Related Services Pvt Ltd./ Damini Forex Ltd at M Block Market at Greater Kailash-I area of the national capital , for indulging in large scale international hawala activities to/from Dubai, Hong Kong, U.K USA, China, Thailand, Canada, Australia among others.
D S Anand, owner of the companies is involved in exchanging huge foreign currency without proper documentation. Earlier, Anand had undertaken hawala transactions for Moin Akhtar Qureshi who is also facing a money laundering case being investigated by the ED.
From the office premises of Anand, the agency seized Indian currency worth over Rs 6. 43 lakh and foreign currency equivalent to Rs 52.66 lakh. In addition, incriminating documents and electronic devices were also seized during the searches.
From the residential premises of Anand, the ED seized Indian currenct worth over Rs 2.06 crore, foreign currency equivalent to over Rs 46.11 lakh.
Likewise, the agency also seized Rs 12.70 lakh in Indian currency besides incriminating documents and electronic devices from another accused Jasbir Singh.