Punjab Police raid 813 locations, seize illicit liquor and drugs
Chandigarh, May 07: Punjab Police carried out a massive operation involving 1,200 police personnel to raid 813 premises of 775 individuals in connection with three cases under the Excise Act in the last two years.
The operation yielded the recovery of 1470 kg of Lahan, the raw material used for preparing illicit liquor, 403 bottles of illicit liquor, and 70 grams of heroin. The Director General of Police Law and Order, Arpit Shukla, confirmed the development and stated that 306 police teams were involved in the raids.
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In an unrelated incident, the Directorate of Enforcement (ED) conducted search operations at 21 locations in Delhi and Gurugram. The search was conducted in connection with Amira Pure Foods Private Limited, Karan A Chanana, and others under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).
During the search on May 2, the ED seized cash amounting to Rs 1.01 crore and various incriminating pieces of evidence which shows the modus operandi of the accused entity for diverting the loan funds through shell companies, accommodation entries, fudging and manipulation of stocks.
The action against the accused entities came on the basis of an FIR registered by the CBI against Karan A Chanana, his relatives, Amira Pure Foods Pvt. Ltd. and others under various sections of IPC, 1860, for committing fraud, criminal misappropriation, criminal breach of trust, cheating, etc. causing wrongful loss to the tune of approximately Rs 1201.85 crore to the consortium of banks led by Canara Bank.
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Investigations conducted by ED revealed that the accused entities in connivance with each other and other related and unrelated entities have illegally diverted loan funds sanctioned by the consortium of Banks by way of transferring loan funds into the accounts of various shell entities under the guise of genuine business transactions.
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- PTC NEWS
