ED Raids Mega Millennium Offices Over Alleged Illegal Funding from Dubai and Singapore
The Enforcement Directorate conducts raids in Mumbai and Delhi linked to Mega Millenniums alleged foreign currency violations.
Mumbai, October 23 (Daily Kiran) : The Enforcement Directorate (ED) has launched a series of raids in Mumbai and Delhi as part of an investigation into Mega Millennium Private Limited, which is accused of receiving illegal foreign currency from Dubai and Singapore. The operation, which took place on October 23, targeted multiple locations, including offices, residential properties, and a farmhouse in Maharashtra.
According to an ED official, the raids were conducted under the provisions of the Prevention of Money Laundering Act (PMLA) of 2002. Investigators seized digital devices and incriminating documents from Mega Millennium, while also searching a farmhouse located in Karjat, Maharashtra.
During the raids, authorities recovered millions in foreign currency, Indian currency, and valuable items. The primary focus of the investigation is Harish Dedhia, a consultant and director of the company based in Mumbai.
The ED revealed that both Dedhia and his wife, Dhara Dedhia, along with the company, received substantial amounts of foreign currency from suspicious firms located in Dubai and Singapore. The investigation uncovered that Dedhia appointed employees or fictitious individuals as directors to create these companies. Within a year of their formation, these companies reportedly received hundreds of crores, which were then transferred through various fraudulent entities.
In a separate case, the ED also conducted raids on ten locations, including hospitals and IVF centers in Thane, Baramati, and Nashik, related to an investigation into a human egg retrieval racket. Digital evidence and ₹2.9 million were seized during this operation.
The ongoing investigation stems from an FIR registered by the Badlapur (East) police station in Thane, which accused Manjusha Wankhede and 16 others of fraud and forgery under the Indian Penal Code, as well as violations of the Assisted Reproductive Technology (Regulation) Act, 2021, and the Drugs and Cosmetics Act, 1940.
Authorities have indicated that this case is linked to an organized network that recruits economically disadvantaged women for human egg donation and supplies them to various IVF centers and ART banks through proprietary donor-supplier agents.
