Hyderabad, July 27 (Maxim News): The Enforcement Directorate (ED) on Tuesday conducted simultaneous raids at multiple locations in Hyderabad and Bengaluru in connection with a money laundering investigation linked to a drugs case registered in Hyderabad.
According to sources, special ED teams from New Delhi launched searches early Tuesday morning. A total of 15 teams carried out raids at seven locations in Hyderabad and two locations in Bengaluru as part of the ongoing probe.
The investigation relates to an alleged multi-crore drug trafficking network. The ED is probing the financial transactions and money trail linked to the case under the provisions of the Prevention of Money Laundering Act (PMLA).
Hyderabad Police had earlier arrested several accused in the case. Based on the information gathered during the investigation and the financial links that emerged, the ED expanded its probe and initiated searches in Bengaluru.
Sources said the agency is examining documents, digital devices and financial records to trace the proceeds of crime and identify others allegedly connected to the network.
The investigation is also looking into the alleged involvement of drug peddlers, consumers and their financial associates. According to sources, the list of persons under scrutiny reportedly includes children of some prominent individuals. However, officials have not released any official confirmation regarding their identities.
The searches were continuing at the time of filing this report, and further details are awaited from the Enforcement Directorate. (Maxim News)
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