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ED Raids Bengaluru Firm for Alleged Stolen Gold Purchase; Seizes Rs 7.52 Lakh Cash
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News18•25-09-2026, 20:15
ED Raids Bengaluru Firm for Alleged Stolen Gold Purchase; Seizes Rs 7.52 Lakh Cash
- •The Enforcement Directorate (ED) conducted multi-state searches and seized Rs 7.52 lakh in cash in a money laundering probe.
- •The raids targeted Bengaluru-based Attica Gold Private Limited, accused of habitually purchasing stolen gold.
- •Searches were carried out at sixteen premises in Bengaluru, Chennai, Hyderabad, and Vishakhapatnam.
- •The ED's case under PMLA stems from multiple police FIRs and verifiable information regarding money laundering activities.
- •Key persons of the company allegedly remained absconding during the raids, instructing employees to be unavailable.
Key Questions Answered
The Enforcement Directorate carried out multi-state searches in a money laundering probe based on allegations that the Bengaluru-based jewellery firm was habitually involved in purchasing and acquiring stolen gold articles.
The two-day raids concluded on September 24 across sixteen premises located in Bengaluru in Karnataka, Chennai in Tamil Nadu, Hyderabad in Telangana, and Vishakhapatnam in Andhra Pradesh.
During the searches, the agency seized Rs 7.52 lakh in cash, alongside some foreign currency, gold, and silver articles.
