The Central Bureau of Investigation has conducted searches at ten locations in the office/residential premises of certain persons at Delhi / NCR/ other places in an on-going investigation of a case relating to alleged violation of banking norms in overseas remittance of foreign exchange.
It was found during investigation that around 8500 foreign remittances transactions were made from 59 Bank Accounts (approx) of various firms / companies against import of goods & software from Hong Kong and Dubai. The investigation revealed further involvement of around 11 private persons / entities (companies) .
During searches, cash of Rs.40 Lakh (approx), Rubber Stamps of about 44 different companies, 15 PAN Cards and various incriminating documents including pen-drives & hard discs connected to the case were recovered. In addition, foreign currencies of China, US, Europe, UAE, Nigeria, Hong Kong and Sri Lanka were also found during searches. The documents recovered are being scrutinized.
