Drug cash case: ED nabs one, seizes Rs 3 crore money, docus, devices | Goa Information

Panaji: The ED, Panaji, on Sunday arrested Madhupan S S in connection along with his alleged involvement in narcotic trafficking and a subsequent cash laundering case. The ED arrested him following searches at 26 premises throughout the nation, which yielded Rs 3 crore in money, incriminating paperwork, and digital units, all of which have been seized.
ED mentioned that the searches have been carried out pursuant to the ECIR registered by ED on the idea of an FIR registered by the anti-narcotics cell, Goa police, underneath the provisions of the NDPS Act, 1985, for trafficking of narcotic substances in industrial portions.

“The search operations revealed the existence of a well-organised inter-state drug trafficking syndicate,” mentioned ED.

Further, the distribution of narcotic substances on a business-to-business (B2B) foundation was traced throughout a number of states, particularly Goa, Himachal Pradesh, Maharashtra, Karnataka, Tamil Nadu, Odisha, and Kerala,” mentioned ED.

“During the search, ED came across narcotic drugs, for which effective coordination was made with NCB and police authorities for the seizure of contraband. In one case, the accused was arrested by the Delhi Police,” mentioned the directorate.

It additionally mentioned that evaluation of the seized digital units and paperwork revealed large-scale provide of narcotic substances, together with MDMA, ecstasy, hash, kush, mushrooms, rashol cream, cocaine, and tremendous cream, inside India and throughout a number of states.

The ED discovered systematic use of courier and postal channels for the transportation of narcotic substances, channelling of proceeds of crime by UPI, financial institution transfers, cryptocurrency, and money transactions, and layering and concealment of proceeds of crime by the usage of advanced monetary channels.

The investigation additional revealed linkages with suppliers and the energetic involvement of a number of associates and facilitators within the narcotics provide chain and laundering of illicit proceeds, mentioned the ED.

“Madhupan was arrested under Section 19 of the PMLA, 2002. The special court under PMLA at Goa remanded the accused in ED custody for seven days,” it mentioned.