The official said searches were carried out at the premises of Ajay Buddhiraja of Buddhiraja Forex, from where Rs 34 lakh in Indian currency and Rs 14.69 lakh in foreign currency was seized. He said Rs 60 lakh was seized from Buddhiraja's residence.
As many as Rs 10.01 lakh were seized from a person who had come to the premises for money transaction after he failed to satisfy ED team about it.
The agency also carried out searches at the residence and offices of Talwar Jewellers owner and seized Rs 20 lakh.
Raid on businessman Puneet Arora, who owns Beacon Steels, led to seizure of Rs 14 lakh.
The raids come in the wake of ED probe under the Foreign Exchange Management Act against the hawala operators.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.