The Enforcement Directorate during searches conducted at residential premises of key officials of erstwhile management of the Infrastructure Leasing & Financial Services (IL&FS) group found various pieces of incriminating evidence.
In a press note, the ED stated that it had seized close to Rs. 6 lakh in foreign currency, various property documents and incriminating documents, and records.
On Wednesday, ED officials conducted searches under the Prevention of Money Laundering Act, 2002 (PMLA) at the residences of the former IL&FS top brass in Mumbai, Delhi and Gurugram. On Tuesday, the ED filed a case under against IL&FS on the basis of an FIR registered by the Economic Offences Wing (EOW) of the Delhi Police, alleging cheating and forgery by the IL&FS group and its managing committee from 2010 to 2018.
