ED Seizes Over 289 MTs Indonesian Betel Nuts In Money Laundering Case

Over 289 metric tonnes of “unaccounted” betel nuts price Rs 11.5 crore had been seized following raids at multiple premises in Nagpur and Mumbai as section of a money laundering probe against of us fascinated about smuggling of its Indonesian differ, the Enforcement Directorate acknowledged right here on Saturday.

The ED case stems from a CBI FIR of March final year where it was alleged that many Nagpur-basically based fully traders in connivance with varied public servants indulged in “smuggling” of sub-typical betel nuts/areca nuts of Indonesian starting put apart and falsely claiming the equivalent to be originating from member worldwide locations of South Asia Preferential Shopping and selling Settlement (SAPTA) and South Asia Free Shopping and selling Settlement (SAFTA).

This was completed, the agency acknowledged in a observation, by utilizing “counterfeit” certificates of starting put apart, and by utilizing bogus and under-valued bills/invoices and thus “evading” Customs accountability. The Indonesian betel nut is smuggled largely from right by technique of the Myanmar border. Probe chanced on, it acknowledged, that there is a correctly organized syndicate of suppliers of Indonesian betel nut, commission agents, logistics suppliers, transporters, hawala operators and customers who had been smuggling this chewing item into India by technique of the India-Myanmar border. 

Fabricated” domestic invoices had been made and smuggled betel nuts had been brought to Nagpur and Gondia districts of Maharashtra, it acknowledged.The agency acknowledged it seized unaccounted betel nut of 289.57 metric tonnes (MT) valued at roughly Rs 11.5 crore at Nagpur instead of Rs 16.5 lakh money.

The godown owner couldn’t provide the KYC of the traders who deposited the betel nut and failed to furnish any supporting documentation savor stock register, bills, invoices, quality certificates, transport documents etc. 

(With PTI inputs)

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