ED seizes ₹13.5cr alleged to be part of laundered funds

MALEGAON MONEY LAUNDERING | Searches at premises in Ahmedabad, Mumbai reportedly linked to angadia network

- Ashish Singh

The Enforcement Directorate (ED) on Friday seized more than Rs13.5 crore in cash during raids at multiple locations in Mumbai and Ahmedabad as part of its investigation into the Malegaon money laundering case.

The searches targeted six premises in Ahmedabad and one in Mumbai, reportedly linked to the angadia network—key facilitators in the case. Among those questioned was Pintu Patel, a well-known angadiya based in Mumbai's Bhuleshwar area.

Sources revealed that the seized cash was suspected to be part of Rs14 crore in laundered funds. The cash is under ED scrutiny. During the investigation, the ED found that Rs14 crore had allegedly been withdrawn by the primary accused, Siraj Mohammad, from Nashik Merchant Cooperative Bank (NAMCO Bank) in Malegaon and transferred to Mumbai through the angadia network.