India, March 27 -- The Enforcement Directorate (ED) during its searches conducted in Mumbai and other cities, allegedly seized 'unexplained' cash worth Rs.2.54 crore, part of which was hidden in a washing machine. The seizure was made at the premises of a shipping firm and its directors, and other associated entities and their directors or partners over alleged FEMA (Foreign Exchange Management Act) contraventions.

The searches were conducted as part of ED's probe against the entities based on the information that they had allegedly remitted forex worth Rs.1,800 crore to two Singapore-based firms, Galaxy Shipping & Logistics Pte Ltd, Singapore and Horizon Shipping & Logistics Pte Ltd, Singapore, in a suspicious manner, ED sources said, a...