New Delhi, Oct. 10 -- The Enforcement Directorate (ED) has conducted searches at nine locations in Mumbai to trace the proceeds from drug sales acquired by a well-established trafficking network run by Faisal Javed Shaikh and Alfiya Faisal Shaikh, an officer said today.
During the operation on Wednesday, the ED seized approximately Rs 42 lakh in cash, three second-hand luxury vehicles (including two BMWs) and various incriminating documents such as property details and digital devices. Additionally, one bank locker and several bank accounts suspected of holding proceeds of crime were frozen.
The ED initiated its investigation under the Prevention of Money Laundering Act (PMLA) based on a case registered by the Narcotics Control Bureau (NC...