Archive · 6 Nov 2025
ED Raids Nagaland Firms in Rs 50 Crore Human Hair Export Case
Imagine a company in India that said it was selling hair to other countries and got a lot of money for it.
But the government's financial investigators, called the ED, thought this was strange because selling hair that way seemed unusual and not very profitable from where the company was located.
The ED found out the company got more than ₹50 crore from companies in Italy and Tunisia, but it didn't have the proper paperwork to prove it actually sent the hair.
Instead of using the money correctly, the company allegedly sent it to another business that had been closed for years but was reopened around the same time the money started coming in.
Investigators think this second company was just a pass-through for the money, which might have been sent to other businesses or even family members.
The ED took away evidence like documents and digital devices to figure out what really happened.
The Enforcement Directorate (ED) conducted searches at seven locations in Nagaland, Assam, and Tamil Nadu.
The investigation involves alleged violations of the Foreign Exchange Management Act (FEMA) concerning over ₹50 crore in foreign remittances to Nagaland-based Imsong Global Suppliers.
Imsong Global Suppliers claims to export human hair to Tunisia and Italy but allegedly failed to submit required export documentation for the received funds.
Suspicion arose as the company allegedly diverted funds to a dormant entity, Inchem India Private Limited, which was reactivated coinciding with the foreign fund inflows.
The ED seized documents and digital devices during the searches as part of the ongoing investigation into the suspicious transactions.
- Who
- The Enforcement Directorate (ED) and Imsong Global Suppliers Co. (a Nagaland-based company), along with associated entities Inchem India Private Limited and Chennai-based firms.
- What
- Searches were conducted in relation to alleged violations of the Foreign Exchange Management Act (FEMA) concerning over ₹50 crore in suspicious foreign remittances received for purported human hair exports.
- When
- The raids took place on November 4.
- Where
- Seven locations were searched across Nagaland (Dimapur), Assam (Guwahati), and Tamil Nadu (Chennai).
- Why
- The ED suspects FEMA violations due to the company's failure to submit export documents for foreign remittances received and the alleged diversion of funds to a reactivated dormant company, Inchem India Private Limited, for unclear purposes.
Enforcement Directorate's Allegations
Company's Claimed Activities
Nature of Business & Fund Transfer
Enforcement Directorate's Allegations
The ED suspects that 'Imsong Global Suppliers' received over ₹50 crore from Italian and Tunisian firms for purported human hair exports but allegedly diverted these funds to a dormant company, 'Inchem India Private Limited', which was reactivated around the time of remittances. This diversion is suspected to be a violation of FEMA regulations, especially since actual purchases or sales could not be established.
Company's Claimed Activities
Imsong Global Suppliers claims to be engaged in exporting human hair to Tunisia and Italy, and the foreign remittances received are stated to be for these export activities.
Documentation and Compliance
Enforcement Directorate's Allegations
The company failed to submit required export documents, such as shipping bills and invoices, within the stipulated timeframe, which is a direct violation of Reserve Bank and FEMA regulations.
Company's Claimed Activities
The article does not provide a direct counter-statement from the company regarding the specific documentation failures but implies their activities were legitimate export-related transactions.
Reactivation of Inchem India Private Limited
Enforcement Directorate's Allegations
The ED found that Inchem India Private Limited, which had been shut down for years, was reopened in 2015, coinciding with when Imsong began receiving foreign funds. Officials suspect this entity acted as a monetary conduit, especially since one of its directors reportedly had no knowledge of its operations.
Company's Claimed Activities
The company's narrative, as presented, implies that Inchem India Private Limited was legitimately involved in the purchase of human hair, facilitating the export process.
- Enforcement Agency
- Enforcement Directorate (ED)
- Case Type
- Foreign Exchange Management Act (FEMA) violations
- Amount Involved
- Over ₹50 crore in foreign remittances
- Primary Entity Under Investigation
- Imsong Global Suppliers Co.
- Associated Entities
- Inchem India Private Limited, Chennai-based companies
- Alleged Activity
- Suspicious foreign remittances disguised as human hair exports, fund diversion
- Countries Involved in Remittances
- India, Tunisia, Italy
- Locations Searched
- Nagaland, Assam, Tamil Nadu
