ED registers money laundering complaint in Kerala gold smuggling case
24 Jul 2020

The Enforcement Directorate (ED) has filed a money laundering complaint in connection with the Kerala gold smuggling case, officials said on Wednesday.

They said the agency has registered an Enforcement Case Information Report (ECIR), equivalent of a police FIR, after studying the NIA FIR filed earlier.

The ED case has been booked under the Prevention of Money Laundering Act (PMLA) and the agency will record the statement of the accused, they said.

The central agency will investigate if the proceeds of crime were generated by the accused by laundering funds that were earned through the alleged gold smuggling racket.

The NIA had arrested the prime accused in the case, Swapna Suresh and Sandeep Nair, from Bengaluru on July 11.

The agency had told a special court in Kochi on Tuesday that Suresh, Nair and others had conspired to damage the country’s monetary stability by smuggling large quantity of gold from abroad.

In a report submitted to the court, the NIA also said it is suspected that the accused had used the proceeds of smuggling for financing terrorism through various means.

Read more by Press Trust of India via Business Standard

Photo (cropped and edited): Joi Ito [CC-BY-2.0] via Flickr

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