Ranchi, Dec. 2 -- The Enforcement Directorate (ED) carried out coordinated searches on Tuesday across Ranchi, Mumbai, and Surat under the Foreign Exchange Management Act.
The operation focuses on chartered accountant Naresh Kejriwal, a familiar name in Jharkhand's financial circles.
Teams reached his residence and Church Complex office at dawn and examined records throughout the day. Searches were also conducted at the homes and offices of his relatives and business partners.
The action follows an earlier income tax probe that pointed to possible undeclared foreign investments. Officials said they have found indications that funds may have been routed into shell companies in the UAE, Nigeria, and the United States. These entities were al...