Overview

• The Enforcement Directorate conducted searches at 15 locations across Balrampur, Lucknow and Mumbai recovering documents that point to foreign funding and property acquisitions.
• Seized records show two Panama-based shell companies, Krishna Group SA and Logos Marine SA, operated under a power of attorney by associate Naveen Rohra.
• Investigators have traced transactions to Habib Bank Zurich, suggesting Swiss accounts facilitated part of the suspected laundering network.
• Preliminary findings indicate suspicious hawala transactions and remittances totaling more than ₹100 crore were routed through over 40 bank accounts.
• The ATS, ED and NIA are carrying out raids, asset seizures and property demolitions under PMLA and conversion statutes while key suspects remain in judicial custody.