In connection with a money laundering investigation involving the production and sale of methaqualone tablets, a prohibited psychoactive substance under the NDPS Act of 1985, the Directorate of Enforcement (ED) has attached three immovable properties worth approximately Rs. 4.49 crore that belong to (Late) Subhash Dudani and his family.
Subhash Dudani and his colleagues were the subject of a Prosecution Complaint filed by the Directorate of Revenue Intelligence, Jaipur under the provisions of the NDPS Act, 1985, which served as the foundation for the ED’s investigation.
In collaboration with the late Ronny Jonny Smith, an African drug lord, Subhash Dudani and his cohorts managed a global illegal narcotics trade. He established various facilities in Udaipur, Kandla, and Nagpur for the production, transportation, and illicit export of methaqualone pills to African nations, coming up with a different scheme for each occasion.
Based on the information and evidence gathered during the PMLA investigation, it has been determined that Subhash Dudani and others established CDR/DVD manufacturing facilities and other trading entities in Dubai, Hong Kong, Kenya, and London either in his name or in the names of his associates or employees as front companies for the purpose of laundering such proceeds from the sale of drugs.
He introduced numerous firms he launched in the United Arab Emirates and Hong Kong to the revenues of crime obtained from the unlawful selling of these substances abroad, mostly in African nations. This money was then transferred to his NRE/NRO accounts in India as well as to the bank accounts of his business partners and acquaintances in Mumbai and Udaipur. Additionally, money was sent to India through different hawala methods. This money was, among other things, used to buy a number of properties in his name as well as the names of his business partners, relatives, and corporations.
In the past, 18 immovable assets totalling Rs. 8,53,20,372 were attached, and the Hon’ble Adjudicating Authority affirmed the attachment. Subhash Dudani and his family’s three more immovable properties in Rajasthan and Mumbai have been located and attached. The approximate value of these properties is Rs. 4.49 crore. The probe is being expanded upon.
