Overview

• The ED's Panaji zonal office searched Loja Shamu in Mapusa Municipal Market on September 26 under FEMA.
• Officials recovered Indian currency of about Rs 13 lakh, foreign currency worth roughly Rs 3 lakh, incriminating chits and records, plus two mobile phones.
• The agency said initial analysis of digital chats points to unauthorized forex transactions totaling an estimated Rs 2–3 crore.
• Seized records and devices are undergoing detailed forensic examination to identify individuals and entities linked to the transactions.
• The operation focuses on allegedly unaccounted forex dealings routed through the retail outlet, and the investigation remains active.