New Delhi: The Enforcement Directorate (ED) has arrested five people after it carried out raids in various cities of Punjab in a money laundering case linked to alleged drugs trafficking, possession of illegal arms and ammunition and extortion, officials said on Thursday.
It has also seized Indian and foreign currency and fixed deposits worth about Rs 6.25 crore besides arms and ammunition after searches were conducted by its teams on August 8 at 17 locations in Chandigarh, Panchkula, Zirakpur and SAS Nagar, Mohali, they said.
The court sent the five to ED custody till August 17, it said.
“Highly incriminating material and digital devices related to the above mentioned organised crime, Indian and foreign currency and fixed deposit receipts valued at Rs 6.25 crore have been seized, apart from arms and ammunition,” the ED said.