Ahmedabad: The Directorate of Enforcement (ED), Ahmedabad Zonal Office, has conducted search operations at nine locations in the city under the provisions of the Foreign Exchange Management Act (FEMA), 1999. The action targeted premises linked to Anas Group and its partners, engaged in tobacco processing, packaging, and manufacturing under brands such as Amber Tobacco, Umda Tobacco, and Sama Filter Khaini.
According to officials, the searches led to the seizure of substantial unaccounted assets. Authorities recovered Indian currency amounting to ₹1.01 crore and foreign currency equivalent to approximately ₹33.34 lakh. In addition, 16 gold bars with foreign markings weighing around 1.6 kg were seized, with an estimated market value of about ₹2.5 crore.
The agency also confiscated 168 silver bars weighing approximately 80 kilograms, valued at around ₹2 crore.
During the operation, investigators reportedly recovered incriminating documents and records indicating foreign properties in Dubai allegedly associated with partners and family members of the Anas Group.
The searches were initiated based on inputs suggesting possible violations involving overseas asset holdings and suspected irregular foreign exchange transactions. Further investigation is underway to ascertain the extent of alleged contraventions under FEMA.
