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New Delhi:
The Enforcement Directorate (ED) has seized Rs 3.57-crore money after raiding excursions and journey companies and their CAs in Delhi-NCR to probe alleged irregularities in processing of e-visa functions for foreigners wishing to journey to India.
The central probe company stated as we speak that it raided eight areas in Delhi and Ghaziabad on July 9 underneath the Foreign Exchange Management Act (FEMA).
The raids had been carried out on the residences and places of work of administrators of a number of tour and journey firms and their chartered accountants and Rs 3.57-crore money together with incriminating paperwork and digital data had been seized, the company stated in an announcement.
The ED had obtained “specific inputs” that these entities had been concerned in unauthorised receipt of international remittance via fee gateways within the identify of offering e-visa providers to foreigners, it stated.
The company stated the preliminary probe discovered “two such entities received foreign remittance of more than Rs 200 crore for processing Indian e-visa applications of foreigners without any authorisation from the government.”
“These entities were also involved in high value suspicious transactions,” it stated.
It was additionally discovered that “certain chartered accountants played a key role in managing the affairs of these entities and were behind the suspicious transactions carried out by them.”
“The seizure of unaccounted cash during the raids has raised further suspicion about the operations of such entities and blatant violation of statutory requirements,” the ED stated.
A probe is underway and the administrators and executives of those companies will probably be questioned, a senior company official stated.
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