Archive · 12 Aug 2025
ED Raids in Ahmedabad, Mumbai Linked to Gold Smuggling
Imagine some people were secretly bringing gold into the country and hiding money.
The ED, like financial detectives, found luxury cars, expensive watches, and cash in raids in Mumbai and Ahmedabad.
They're investigating whether the people involved broke the rules about moving money in and out of the country.
This investigation began after authorities found a large amount of gold, some of which was smuggled.
They think one of the men helped turn hidden cash into legal money, and they are searching for him and his son, who are currently missing.
The detectives are still trying to find out where all the money went.
ED seized luxury cars, cash, and watches in Ahmedabad and Mumbai.
Searches were part of a probe into alleged foreign exchange violations under FEMA, 1999.
The investigation was triggered by a prior seizure of 88 kg of gold, linked to smuggling.
Mahendra Shah is alleged to be a major black money converter, operating a network.
Megh and Mahendra Shah have been absconding since the initial raids.
- Who
- The Enforcement Directorate (ED) is investigating Mahendra Shah and Megh Shah.
- What
- ED seized luxury cars, cash, and watches, as part of an investigation.
- When
- Searches were conducted on August 7 and 8.
- Where
- Ahmedabad and Mumbai
- Why
- To investigate alleged foreign exchange violations and gold smuggling.
ED Findings
No known opposing view
Allegations
ED Findings
ED discovered evidence of illegal activities like gold smuggling, money laundering and hawala transactions.
No known opposing view
No opposing viewpoints were presented in the articles.
- Agency
- Enforcement Directorate (ED)
- Locations Searched
- Ahmedabad and Mumbai
- Items Seized
- Luxury cars, cash (Rs 15 lakh), watches
- Gold Seizure
- Approximately 88 kg of gold
- Suspects
- Mahendra Shah and Megh Shah