New Delhi, March 26 -- The Directorate of Enforcement (ED) has conducted searches at various locations, including Delhi, Hyderabad, Mumbai, Kurukshetra and Kolkata, over an alleged violation of the Foreign Exchange Management Act (FEMA), 1999, the agency said on Tuesday.

The searches were held at the premises of Capricornian Shipping & Logistics Pvt Ltd and its directors Vijay Kumar Shukla and Sanjay Goswami and associated entities Laxmiton Maritime, Hindustan International, Rajnandini Metals Limited, Stawart Alloys India Pvt Ltd; Bhagyanagar Limited, Vinayak Steels Limited, Vashishta Constructions Pvt Ltd; and their directors/partners Sandeep Garg, Vinod Kedia and Others at various locations under the provisions of FEMA, 1999.

As per t...