The Enforcement Directorate (ED), Kochi Zonal Office, conducted search operations on 05.02.2026 at ten premises across Kerala and Tamil Nadu under the Prevention of Money Laundering Act (PMLA), 2002. The searches were carried out in connection with the investigation into the alleged cheating and misappropriation of investors’ funds by the Nedumparambil Credit Syndicate (NCS), Kerala, controlled by Raju George and his family members, along with its associated group companies. During the operation, various incriminating documents, digital devices, and financial records were recovered and seized. Evidence relating to immovable properties linked to the group, including high-value assets allegedly acquired from proceeds of crime, was also found. To prevent concealment or dissipation of such assets, properties worth ₹44.5 crore belonging to the main accused and his associates were frozen under Section 17(1A) of PMLA.
In a separate development, the ED Jalandhar Zonal Office has filed a Prosecution Complaint before the Hon’ble Special Court, Mohali, under the PMLA, 2002 against Abhishek Kumar, Sol Healthcare (I) Private Limited, M/s Aster Pharma, and other related persons. The case pertains to a money laundering investigation linked to an interstate drug trafficking network allegedly involved in the illegal supply of psychotropic and narcotic substances, including Tramadol and Alprazolam.
