ED seizes Rs1 cr from businessman's house in Delhi excise policy case
ED seizes Rs1 cr from businessman's house in Delhi excise policy case

NEW DELHI: The Enforcement Directorate (ED) has seized Rs 1 crore from a businessman's home in the national capital as part of the Delhi Excise Policy Scam, sources said on Saturday.

The Enforcement Directorate will now call him to join the inquiry after the cash was seized, the sources said without going into further detail.

The investigation agency searched the businessman's home as it carried out daylong raids at more than 35 places in Punjab, Delhi, and Andhra Pradesh on Friday.

Following Sameer Mahendru's interrogation by the central agency, during which the ED discovered Punjab and Andhra Pradesh had connections to the case, raids were carried out. Mahendru was previously taken into custody by the ED. It was the first arrest by the ED and the second arrest related to the Excise Policy fraud.

There are claims that Vijay Nair, the accused public worker, received improper financial benefits from Mahendru through Arun Ramchandra Pillai, a resident of Hyderabad's Kokapet area.

In order to follow the money trail in money laundering, the investigation agency is now gathering documentary and digital evidence. By attempting to uncover the layering of laundered money, the ED is attempting to build a solid case.

The third raids in relation to the Excise Policy Scam occurred on Friday. The ED has conducted almost 100 raids thus far.

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