ED raid on ‘heeng’ trader uncovers Rs 59.5 lakh

JALANDHAR:In its ongoing raids post demonetisation the Enforcement Directorate today conducted a search on the premises of a heeng trader at Kitchlu Nagar in Ludhiana and recovered Rs 58 lakh in Indian currency and Rs 15 lakh worth of foreign currency from his possession

Updated At : 08:00 AM Dec 28, 2016 IST

Currency recovered in a raid of the Enforcement Department at M/s Seth Jain Bansilal Talwar, Kitchlu Nagar, in Ludhiana on Tuesday

Jalandhar, December 27

In its ongoing raids post demonetisation, the Enforcement Directorate today conducted a search on the premises of a “heeng” trader at Kitchlu Nagar in Ludhiana and recovered Rs 58 lakh in Indian currency and Rs 1.5 lakh worth of foreign currency from his possession.

A team of ED officials, including Assistant Directors Gurvinder Kaur and Sanjeev Prabhakar, conducted the search on M/s Seth Jain Bansilal Talwar. The seizure included Rs 2,000 notes worth Rs 4 lakh and Rs 100 notes worth Rs 54 lakh. Since foreign currency also has been recovered, the ED will also pursue a FEMA case against the trader. — TNS

ED raid on ‘heeng’ trader uncovers Rs 59.5 lakh

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ED raid on ‘heeng’ trader uncovers Rs 59.5 lakh