Mumbai, Oct. 8 -- In follow-up to an ongoing crackdown on drug-related money laundering, the Enforcement Directorate (ED) today conducted searches at eight premises in Mumbai linked to an alleged trafficking and laundering network involving Faisal Javed Shaikh and Alfiya Faisal Shaikh.
The operation, carried out under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, aims to trace the illicit proceeds generated through the sale of narcotics.
According to ED sources, the investigation focuses on identifying the financial channels and assets linked to the accused, suspected of laundering large sums of money derived from drug sales.
Published by HT Digital Content Services with permission from United News of India....