The Enforcement Directorate (ED) conducted searches at offices, residences and other premises linked to Attica Gold Private Limited in Hyderabad and Visakhapatnam as part of an investigation under the Prevention of Money Laundering Act (PMLA).

According to the ED, the two-day searches on September 23 and 24 covered 16 premises across Bengaluru, Chennai, Hyderabad and Visakhapatnam. The investigation stems from multiple police FIRs and chargesheets concerning allegations that Attica Gold and people associated with the company were involved in the purchase and acquisition of stolen gold articles. 

The agency said the searches resulted in the seizure of ₹7.52 lakh in cash, besides foreign currency, gold jewellery and silver articles. The premises searched included properties associated with directors, former directors and shareholders, as well as the company's head office and branches. 

 

The ED has named several individuals in connection with the investigation and said some key persons were unavailable during the searches. The agency stated that further investigation is underway.