New Delhi, July 10 -- The Enforcement Directorate (ED) has identified alleged undisclosed foreign assets, foreign bank accounts in Canada, the United States of America (USA) and the United Arab Emirates (UAE), along with suspicious cross-border transactions during searches conducted in connection with a probe into Kalanee Impex Private Limited and its active director Dharmesh Narendra Sangani.

The findings emerged following ED raids conducted in Mumbai on July 9 under the provisions of the Foreign Exchange Management Act, 1999 (FEMA).

During the search proceedings, officials said it was revealed that "money which ought to have been received in India has not come to India despite lapse of substantial time."

ED investigators allegedly fo...