The Enforcement Directorate has attached 22 immovable and 8 movable properties worth Rs 7.98 crore in a money laundering case related to the illegal export of psychotropic substances by the promoter of a Hyderabad-based company, officials said on Wednesday.
The attached immovable properties, in the form of land parcels in the name of promoter Aashish Jain and his family members, are located in Indore, Madhya Pradesh, and valued at Rs 6.52 crore, the central agency said.
The movable properties, in the form of bank balances and fixed deposits valued at Rs 1.46 crore in the name of Aashish Jain and his family members, have also been attached, officials added.
Aashish Jain, the Managing Director of JR Infinity Private Limited, is accused of running an illegal internet pharmacy business and illegally exporting psychotropic substances in tablet form, such as Alprazolam, Zolpidem, Lorazepam, Clonazepam, Hydrocodone, and Oxycodone, under the guise of providing telemarketing call centre services and search engine optimisation services.
Raids by the Narcotics Control Bureau had earlier led to the seizure of Indian and foreign currency amounting to approximately Rs 3.72 crore from his possession, and the ED’s investigation stems from a May 2022 complaint filed against the accused by the NCB.
The total proceeds of crime identified in the case amount to Rs 12.76 crore, according to the ED.
