The Enforcement Directorate (ED) on Wednesday conducted raids on at least six locations in Mumbai and Delhi-NCR region in connection with the multi-crore IL&FS payment default crisis and seized foreign currency worth Rs 6 lakh, officials said.
They said the action by the central probe agency came after it registered a criminal complaint Tuesday under the Prevention of Money Laundering Act (PMLA) in the alleged payment default case.
Searches were being conducted at the “residential premises of key officials” linked to the erstwhile management of Infrastructure Leasing and Financial Services (ILFS), including its former chairman Ravi Parthasarathy and few others, they said.
“During the search proceedings, foreign currencies amounting to about Rs 6 lakh, various property documents, incriminating documents, records and media have been recovered and seized from the premises,” the ED said in a statement.
The agency added it has filed the PMLA case “against IL&FS Group and others on the basis of an FIR registered by the Delhi Police EOW for alleged cheating and forgery on part of IL&FS Group and its managing committee during the period from 2010-2018”.
The raids were conducted in Mumbai and locations in Delhi and the national capital region (NCR), including Gurgaon, the agency said.
