ED Conducts Searches at 9 Locations in Ahmedabad; Cash, Gold and Foreign Assets Seized

The Directorate of Enforcement (ED), Ahmedabad Zonal Office, recently conducted searches at nine locations in Ahmedabad under the Foreign Exchange Management Act (FEMA), 1999. These searches focused on premises and manufacturing units of the brands “Amber Tobacco”, “Umda Tobacco”, and “Sama Filter Khaini”.

The action was based on information from reliable sources indicating that members of the Nagariya family (associated with Anas Group and its partners) own several overseas assets in Dubai, including expensive properties and business investments. It is suspected that the funds for these assets were sent abroad using hawala or other illegal channels instead of authorised banking methods.

During the searches, the ED seized Rs 1.01 crore in Indian currency, Foreign currency worth about Rs 33.34 lakh, 16 gold bars with foreign markings weighing 1.6 kg, which are worth approx. Rs 2.5 crore, and 168 silver bars weighing around 80 kg, approx. Rs 2 crore, along with various documents and records showing foreign properties in Dubai linked to the Anas Group partners and family members. The ED has stated that the investigation is still ongoing.