Enforcement Directorate Cracks Down on Drugs Trafficking Syndicate
The Enforcement Directorate conducted searches in six states for a money laundering probe linked to a drugs trafficking syndicate, initially identified by Punjab Police. The investigation covers over 15 locations, involving pharmaceutical companies and individuals, under the PMLA.
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The Enforcement Directorate (ED) launched simultaneous searches in six different states this Tuesday. This operation is part of a money laundering investigation connected to a drug trafficking syndicate first discovered by the Punjab Police, according to official sources.
The extensive probe spans over 15 locations across Punjab, Uttar Pradesh, Uttarakhand, Himachal Pradesh, Rajasthan, and Maharashtra. The case was filed under the Prevention of Money Laundering Act (PMLA), based on sources.
The genesis of this ED investigation is a 2024 FIR registered by the Punjab Police's Special Task Force (STF) under various sections of the Narcotic Drugs and Psychotropic Substances (NDPS) Act against two drug peddlers and an alleged middleman, Alex Paliwal. The agency's searches covered several pharmaceutical companies, such as Biogenetic Drugs Pvt Ltd and Aster Pharma, besides some linked individuals. Punjab Police had arrested seven individuals and confiscated a stash of pharma drugs capable of manufacturing narcotics in a linked operation executed last year.
(With inputs from agencies.)
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