ED Raids Delhi travel firms, CAs for Suspected e-visa fraud of over 3.50 Crore cash

ED Raids Delhi travel firms, CAs for Suspected e-visa fraud of over 3.50 Crore cash | BOI Services

New Delhi: The Enforcement Directorate, The government, has taken the Rs 3.57-crore cash following raids on tours and travel firms. And their CAs Delhi-NCR to investigate the alleged irregularities in processing electronic visa processing applications for foreigners wanting for a trip to India.

The Central probe agency On Saturday, the police said they were raiding eight places in Delhi and Ghaziabad on the 9th of July under the supervision of the Foreign Exchange Management Act ( FEMA ).

The raids took place at the homes and offices of the directors of several travel and tourism companies and their chartered accountants. 3.57-crore cash. As well as the incriminating digital documents were taken according to the agency in an announcement.

THE REPORT SAID THAT the ED had been provided with “specific inputs” that these organizations were involved in illegally receiving foreign remittances through payment gateways in a claim of offering e-visas for foreigners.

The agency claimed that its preliminary investigation revealed: “two such entities received foreign remittance of more than Rs 200 crore for processing Indian e-visa applications of foreigners without any authorization from the government.”

These entities were also involved in high-value suspicious transactions, it stated.

It was also determined that “certain chartered accountants played a key role in managing the affairs of these entities and were behind the suspicious transactions carried out by them.”

“The seizure of unaccounted cash during the raids has raised further suspicion about the operations of such entities and blatant violation of statutory requirements,” the ED said.

According to a top agency official, an investigation is underway, and the chief executives and directors of these companies will be investigated.

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