India, Feb. 21 -- The Enforcement Directorate (ED) on Friday raided the residence of Simran Preet Panesar, key suspect in Canada's biggest-ever gold heist, in Mohali, two days after the federal agency registered a money laundering case in the crime which took place on foreign soil.

An official familiar with the development said "our team is conducting raids at Panesar's residence in Mohali in our money laundering probe. He will be questioned".

HT exclusively reported on February 19 that ED has launched a Prevention of Money Laundering Act probe by invoking a section 2 (1) (ra) of the act that allows it to take up cases of cross border implications, where the crime has been committed by an Indian abroad.

The financial crimes probe agenc...