The Enforcement Directorate (ED) has seized Rs 3.57-crore money after raiding excursions and journey companies and their CAs in Delhi-NCR to probe alleged irregularities in processing of e-visa functions for foreigners wishing to journey to India.
The central probe company stated right this moment that it raided eight areas in Delhi and Ghaziabad on July 9 below the International Alternate Administration Act (FEMA).
The raids have been carried out on the residences and places of work of administrators of a number of tour and journey corporations and their chartered accountants and Rs 3.57-crore money together with incriminating paperwork and digital information have been seized, the company stated in an announcement.
The ED had acquired “particular inputs” that these entities have been concerned in unauthorised receipt of international remittance via fee gateways within the title of offering e-visa companies to foreigners, it stated.
The company stated the preliminary probe discovered “two such entities acquired international remittance of greater than Rs 200 crore for processing Indian e-visa functions of foreigners with none authorisation from the federal government.”
“These entities have been additionally concerned in excessive worth suspicious transactions,” it stated.
It was additionally discovered that “sure chartered accountants performed a key position in managing the affairs of those entities and have been behind the suspicious transactions carried out by them.”
“The seizure of unaccounted money in the course of the raids has raised additional suspicion concerning the operations of such entities and blatant violation of statutory necessities,” the ED stated.
A probe is underway and the administrators and executives of those companies will probably be questioned, a senior company official stated.