AML Watchdog of India, Enforcement Directorate (ED) Attached Properties Worth Rs. 8 Crores belonging to Narcotics Dealer (Late) Subhash Dudani and his family. In connection with a money laundering investigation pertaining to the production and sale of methaqualone tablets, a prohibited psychotropic substance as per the NDPS Act, 1985.
The Directorate of Enforcement (ED) has attached immovable properties worth Rs. 8,53,20,372/- in book value belonging to (Late) Narcotics Dealer Subhash Dudani and his family members, associates, and companies. The Directorate of Revenue Intelligence, Jaipur filed a prosecution complaint against Subhash Dudani and his colleagues under sections 22C, 23C, 25, 25A, 27A, and 29 r.w.s. 2, 8, and 8A of the NDPS Act, 1985, and the ED opened an investigation into the matter.
What is this complaint about?
In collaboration with the late Ronny Jonny Smith, an African drug lord, Narcotics Dealer Subhash Dudani and his cohorts managed a global illegal narcotics trade. Subhash Dudani established distinct facilities in Udaipur, Kandla, and Nagpur to produce, smuggle, and ship methaqualone pills into African nations while passing them off as exports. He came up with a different scheme each time. Subhash Dudani and others generated proceeds of crime through the sale of illicit substances, according to the information and evidence acquired by ED during the PMLA investigation. While concurrently establishing CDR/DVD manufacturing facilities and other trade companies in Dubai, Hong Kong, Kenya, and London under his name or the names of his partners and staff as front companies to launder such drug sales revenues.
He exposed several firms he had launched in the UAE and Hong Kong to the proceeds of crime obtained from the unlawful selling of these substances abroad, particularly in African nations. This money was then transferred to his Indian NRE/NRO accounts as well as the bank accounts of his business partners and affiliates in Mumbai and Udaipur. Additionally, money was sent to India through different hawala methods. Apart from using this money to invest in numerous businesses to expand his drug operation, he also used it to buy several properties in his name as well as the names of his acquaintances, relatives, and businesses. The inquiry has revealed several immovable properties in Mumbai and Udaipur under numerous names as being the profits of crime.
