ED raids on over 100 shell firms in India

Enforcement Directorate (ED)

New Delhi/Bhubaneswar, Apr 1: A countrywide operation by the Enforcement Directorate, launched today, conducted searches on over 100 location in sixteen states including Odisha to crackdown the shell companies.

As per official sources, the raids are being carried out to keep a check on the money laundering and illegal foreign exchange transactions. ED today attached the properties worth Rs.13.30 crore of Artha Tatwa, earlier the ED had attached the property worth Rs.15 crore from another arrested godman Sura Baba on Thursday.
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