New Delhi, July 11: The Directorate of Enforcement conducted searches under Foreign Exchange Management Act at eight different locations in Delhi and Ghaziabad including residences and offices of Directors of several tours and travel companies and their Chartered Accountants.
The searches resulted in seizing unaccounted Indian currency amounting to Rs 3.57 crores along with several incriminating documents and digital records.
Investigations conducted in the matter so far have revealed that two such entities received a foreign remittance of more than Rs 200 crores for processing Indian e-visa applications of foreigners without any authorization from the Government of India.
It also revealed that certain Chartered Accountants played a key role in managing the affairs of these entities and were behind the suspicious transactions carried out by them.
Further investigation, in this case, is under progress.
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