The Enforcement Direc- torate stumbled upon Rs 2.54 crore hidden in one of the most unlikely places, in- side a washing machine, during searches it con- ducted under the provisions of the Foreign Exchange Management Act across Hy- derabad, Delhi, Mumbai, Kurukshetra and Kolkata.

ED finds 2.54 cr in washing machine

Both these overseas entities were managed by one Anthony De Silva, the release said. It was found dur- ing the search that Capricornian Shipping & Logistics Pvt Ltd and Laxmiton Maritime along with its associates made outward remit- tances to the tune of Rs 1,800 crore to the Singapore-based entities in the garb of bogus freight services, imports and “layering them through a web of complex transac- tions” with the help of shell entities such as Neha Metals.

Amit Steel Traders, Triple M Metal and Al- loys, HMS Metals etc. “During the course of the search, unexplained cash amounting to Rs 2.54 crore, part of which was hid- den in a washing machine, was found and seized. Further, various incriminating documents and digi- tal devices have been found and seized during the search proceed- ings. About 47 bank accounts of the entities involved have been frozen as well,” the ED release said, adding that further investigation was under progress.