ED seizes Rs 1 cr cash after raids in connection with Delhi Excise policy

The Enforcement Directorate has seized about Rs 1 crore in cash after raids conducted in connection with a money laundering investigation into the alleged irregularities in the now-scrapped Delhi excise policy, official sources said Saturday.

The searches were launched on Friday at about 35 locations in Delhi-NCR, Punjab and Telangana's capital Hyderabad.

About a crore cash has been seized from a location during the raids conducted against liquor businessmen, distribution companies and linked entities, sources said.

Some digital devices and documents were also seized, they said without disclosing the locations of all the recoveries.

Premises linked to a director of a Delhi-based TV news organisation, who is also on the board of a Telugu daily, a city-based businessman whose company imports and distributes various alcoholic beverages and a former Punjab MLA were also searched by ED officials, they said.

The federal agency has conducted more than 103 raids in this case till now and