Mumbai, Dec 12 || The Directorate of Enforcement (ED) seized gold bars worth Rs 3.4 crore and Rs 46 lakh during searches at 19 locations in Mumbai, Delhi and Gurgaon as part of an ongoing probe in Summaya-Dentsu case involving embezzlement of Rs 137 crore, an official said on Thursday.
During the course of search operations by the Mumbai Zonal Office on Tuesday, movable assets including Rs 46 Lakh, foreign currency equivalent to Rs 4 Lakh and gold bars amounting to Rs 3.4 crore have been seized.
Other incriminating documents related to immovable property transactions, and digital devices have been found and seized during the search proceedings, the official said.
ED initiated an investigation under the Prevention of Money Laundering Act (PMLA), 2002 on the basis of an FIR registered by Worli Police Station against Dentsu Communications India Private Limited, Suumaya Industries Ltd and its promoters including others for allegedly embezzling Rs 137 crore under the guise of promising future ‘Need to Feed program’ advantages.
ED investigation so far has revealed that trade financing was secured from NBFCs under the pretext of the ‘Need to Feed’ program of the Government of Haryana to supply Agro products.