The Enforcement Directorate, Jalandhar, on Tuesday registered a money laundering case against NRI drug dealer Anoop Singh Kahlon in connection with narcotics recovered from his house.
“A case under section 3 and 4 of Prevention of Money Laundering Act has been registered against Kahlon and others including, Kulwinder Singh alias Rocky, Kahlon’s driver,” ED Deputy Director Niranjan Singh, told The Indian Express over phone.
Sources said the agency will probe how and where the “proceeds of crime” were used by the accused. The ED will question the accused and track the transaction and flow of money through various financial channels.
Prima facie, the modus operandi of smuggling drugs and generating black money being probed by the Punjab Police points to a possible hawala and laundering racket in this case, officials said.
Citing the figure given by the accused, the police said the retail price of the drugs seized so far was approximately Rs 484 crore.