The Enforcement Directorate on Saturday (September 10) raided six places in Kolkata and recovered Rs 17 crore in cash. The Central Investigation Agency conducted this raid on the mobile gaming app 'E-Nuggets' and the premises of its promoter Aamir Khan. It is alleged that the company has allegedly cheated the investors. The ED had registered a case against Aamir Khan and others on February 15, 2021, on the complaint of Federal Bank officials.
Under the Prevention of Money Laundering Act (PMLA), the ED can search the locations of suspects in the case. The investigating agency usually goes to the suspect with a search warrant and the search begins. The cash, gold etc. recovered during the search are confiscated in the presence of independent witnesses. After this, the accused has to prove in the court that he has earned the seized money legally.
Earlier, the agency used to deposit the seized cash in a fixed deposit account opened by the concerned administrative area. The money was lying in the account till the matter was settled. On being proved guilty, the money was deposited in the government treasury. In many cases, immovable properties like gold, car, house, flat and bungalow are also auctioned. If the guilt was not proved, the full amount along with interest was refunded. The seized gold and other valuables are stored in a locker.