Overview
- Officials said the operation was initiated by the ED’s Dimapur office and marked the Nagaland unit’s first action under FEMA.
- Two premises each in Dimapur and Guwahati and three in Chennai were searched as part of the coordinated effort.
- The probe focuses on foreign inward remittances received by Imsong Global Suppliers Co. on the pretext of exporting human hair, which investigators describe as uncommon for Dimapur.
- The agency says required shipping bills and export invoices were not furnished to the authorised bank within timelines, constituting contraventions of FEMA and RBI directions.
- According to the ED, funds were diverted to Inchem India Pvt. Ltd.—owned by Lima Imsong, previously dormant and loss-making—and to personal accounts, with onward transfers to suspicious Chennai hair-trading entities as the investigation continues.