Team Goemkarponn
PANAJI: The Enforcement Directorate (ED) carried out extensive search operations at nine locations across Delhi, Noida, and Goa as part of an ongoing investigation under the Prevention of Money Laundering Act (PMLA), 2002.
The searches were conducted at the premises of M/s Bhasin Infotech and Infrastructure Pvt. Ltd., M/s Grand Venezia Commercial Towers Pvt. Ltd., and their key personnel, ED officials confirmed.
During the operation, the agency reportedly seized a significant amount of incriminating documents, digital evidence, bank locker keys, and ₹30 lakh in cash. Furthermore, several suspected bank accounts have been identified and frozen pending further investigation.
Sources close to the investigation revealed that the raids were part of a probe into alleged financial irregularities and suspected money laundering involving the two companies, both of which are engaged in major real estate and infrastructure projects in northern India.
The ED is now in the process of analyzing the recovered materials to trace the flow of funds and establish potential links to money laundering activities.
An official statement from the agency noted that “further investigation is underway.”
The companies involved have not yet issued a statement in response to the raids.
