FEMA case: ED seizes Rs 2.54 crore in cash including wads hidden in washing machine
New Delhi, Mar 26: The Enforcement Directorate on Tuesday said it has seized Rs 2.54 crore "unexplained" cash, including a part of it hidden in a washing machine, during searches in various cities linked to a case of alleged violation of the foreign exchange law.
The premises of companies like Capricornian Shipping and 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 were searched, it said in a statement.
The central agency did not say when these searches were executed at various locations in Delhi, Hyderabad, Mumbai, Kolkata, and Kurukshetra in Haryana.
It also did not mention from where the cash kept in the washing machine was recovered.
The action was undertaken on the basis of "credible information" that the entities were involved in sending foreign exchange outside India "on a large- scale" and made "suspicious" outward remittances amounting to Rs 1,800 crore to Galaxy Shipping and Logistics Pte Ltd. and Horizon Shipping and Logistics Pte Ltd, Singapore.
Both these overseas entities are managed by a person named Anthony De Silva, it said.
Capricornian Shipping and Logistics Pvt Ltd, Laxmiton Maritime along with its associates made outward remittance to the tune of Rs 1,800 crore to the Singapore-based entities in the garb of bogus freight services, imports and layering them through web of complex transactions with the help of shell entities like Neha Metals, Amit Steel Traders, Triple M Metal and Alloys and HMS Metals.
During the course of the search, unexplained cash amounting to Rs 2.54 crore, part of which was hidden in a washing machine, was found and all of this amount has been seized apart from various "incriminating" documents and digital devices.
A total of 47 bank accounts have been frozen as well, the ED said.
ED has conducted searches under the provisions of FEMA,1999 at the premises of M/s. Capricornian Shipping & Logistics Pvt Ltd and its directors Vijay Kumar Shukla and Sanjay Goswami and associated entities M/s. Laxmiton Maritime, M/s. Hindustan International, M/s. Rajnandini… pic.twitter.com/0EDzrjrlRJ
— ED (@dir_ed) March 26, 2024
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AIITA welcomes Karnataka’s ban on obscene songs in school events
Bhatkal: The Karnataka unit of the All India Ideal Teachers Association (AIITA) has welcomed the Karnataka government’s decision to strictly ban school children from dancing to obscene songs during educational and cultural programmes in government, aided, and private schools across the state.
AIITA Karnataka State President M. R. Manvi congratulated the government for taking what he termed an important step to preserve the sanctity of education.
“Such decisions to safeguard the dignity of school children and uphold the values of education are the need of the hour. This rule should not be limited to government schools alone but must be strictly implemented in all private educational institutions as well,” he said.
He further urged the government to address other concerns within school programmes.
“The government should not only prohibit obscene dances in the name of school anniversaries, but also ensure that plays and dialogues that incite religious hatred are avoided. Schools should be centres of harmony, not platforms for spreading hatred,” he added.
According to a recent circular issued by the Department of School Education and Literacy, obscene dances are adversely affecting the mental health and moral values of students.
In this regard, schools have been advised to use songs that promote nationalism, positive thinking, the greatness of Kannada culture, and value-based traditions instead of inappropriate content during programmes.
The circular also emphasises that students should be dressed in decent attire.
AIITA also backed the department’s warning that disciplinary action would be taken against head teachers if such guidelines are violated. The association has further demanded that district Deputy Directors of Public Instruction strictly monitor the implementation of these rules.
