Mumbai, Sep 14 (Agency) The Enforcement Directorate (ED) on Wednesday seized 431 kg of gold and silver worth more than Rs 47 crore after it searched secret lockers of the Mumbai-based bullion company Raksha Bullion and Classic Marbles in connection with the money laundering probe in the case of Parekh Aluminex Limited.
The seizure was made after the search operation was concluded today at four premises belonging to company. In a statement issued by the federal agency it says that , “Upon searching the private lockers, it was found that the locker operation was being done without following proper norms. No KYC was followed and there was no CCTV camera installed at the premises and there was no in and out register.”