CHENNAI: Enforcement Directorate (ED) has seized Rs 7.5 lakh in cash, gold and silver jewellery and foreign currencies from places linked to Attica Gold Pvt Ltd. Ther seizures were made during searches in 16 places in Chennai, Bengaluru, Hyderabad and Visakhapatnam.
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ED said the key persons behind the gold company, P S Ayub alias Bomanahalli Babu, Obedulla A, Mohammed Salman A, Arbin Taj A and associated persons, had remained absconding during searches since Wednesday. Employees on the business premises had been instructed by the key persons to remain unavailable, it said. The agency said it gathered further evidence of money laundering before carrying out searches.
ED initiated investigation based on multiple FIRs registered and chargesheets filed by police on the allegations of habitual dealing in stolen gold articles by the firm. Download the TOI App.