The Enforcement Directorate (ED) Bhopal continued to conduct searches at the residence of Kishan Modi, owner of Jayshree Gayatri Foods Private Limited on Thursday.
The Enforcement Directorate (ED) in Bhopal conducted searches at the residence of Kishan Modi, the owner of Jayshree Gayatri Foods Private Limited, on Thursday. During the raid, ED seized Rs 66 crore linked to various companies and family members. Additionally, the search led to the discovery of Rs 25 lakh in cash, several luxury cars, and numerous documents. The ED also froze Rs 6.26 crore worth of fixed deposits (FD) from the company.
Earlier, on Wednesday, the ED searched locations of M/s Jayshree Gayatri Food Products Private Limited in Sehore and Morena districts, as well as Bhopal. The searches included Modi's residence in Bittan Market, Shahpura, Bhopal, and the Jay Shri Gayatri Paneer Factory in Village Pipaliya Mira on Sehore-Ratibad-Bhopal road. The ED team also visited the factory management’s residence in Morena.
The ED took action under the provisions of the Prevention of Money Laundering Act (PMLA) 2002. During the investigation, the team, accompanied by CRPF personnel, discovered objectionable documents and Rs 25 lakh in cash. Luxury BMW and Fortuner cars were also seized. The investigation revealed financial irregularities in both movable and immovable property documents.
According to the ED, Rs 66 crore was found in the names of various companies and family members of Kishan Modi, all of which have been seized. Additionally, they froze Rs 6.26 crore in fixed deposits linked to the company.
The ED conducted searches at the residences and offices of Kishan Modi, Payal Modi, Amit Kuklod, and others connected to them. These actions followed an FIR filed by the Economic Offences Wing (EOW) after discovering irregularities during their investigation.
The investigation into M/s Jayshree Gayatri Food Products exposed that the company had been supplying adulterated milk products both domestically and internationally, using fake lab certificates. The ED discovered that the company engaged in irregularities related to production and distribution.
So far, the ED has identified 63 fake lab certificates, which were allegedly issued by BIS and NABL-accredited laboratories. These certificates were used to secure exports of adulterated milk products, which were sent to various countries and for domestic consumption.