New Delhi: The Enforcement Directorate (ED), Panaji zonal office, has carried out extensive searches at nine locations across Goa, New Delhi, and Gurugram in connection with a money laundering investigation. The action is part of an ongoing probe against Saurabh Luthra and others under the Prevention of Money Laundering Act (PMLA), 2002. The raids also included the premises of the Sarpanch and secretary of Arpora-Nagoa Panchayat in Goa.
The ED’s investigation relates to alleged money laundering linked to the owners of a nightclub in Arpora, Goa. This nightclub was the site of a tragic fire incident that claimed 25 lives.
Investigation Based on Goa Police FIRs
The agency initiated the probe following two FIRs registered by the Goa Police, which include scheduled offences under the PMLA. During the searches, significant irregularities were uncovered in compliance with statutory norms. It was found that licenses were obtained using forged documents, and business operations continued without necessary approvals from competent authorities.
Revenue and Illicit Financial Transactions Uncovered
Evidence gathered during the raids revealed that the entity running the nightclub earned approximately ₹22 crore in the financial years 2023-24 and 2024-25. This income is preliminarily considered proceeds of crime, as the nightclub operated without valid statutory licenses and based on fake no-objection certificates (NOCs) and permits from various departments.
Additionally, the ED found proof of foreign remittances made through different group units linked to the case, raising concerns over violations of relevant foreign exchange laws. The investigation also revealed that funds generated illegally were transferred into personal bank accounts and accounts of other group companies.
Seizures and Account Freezes
Several incriminating documents and digital devices were seized during the searches. Bank accounts suspected of holding proceeds of crime have been frozen under the PMLA. The ED’s probe is now focusing on possible corruption aspects and the role of other individuals involved in laundering the illicit proceeds.
Meanwhile, the Goa Police have recently arrested two persons in connection with the case. The Enforcement Directorate has stated that the investigation is ongoing.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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