Report: Manmeen Walia, New Delhi
The Enforcement Directorate is conducting raids at multiple locations connected to Ranchi-based Chartered Accountant Naresh Kumar Kejriwal, including properties of his family members and associates in Ranchi, Mumbai, and Surat.
During an Income Tax investigation, Kejriwal was found to have created several shell companies in the UAE, Nigeria, and the USA, allegedly operated from India. These entities reportedly hold over ₹900 crore in suspicious funds, while around ₹1,500 crore is believed to have been routed back to India through fake telegraphic transfers.
Authorities say the foreign assets were concealed in official records and may have been used to channel large sums through illegal routes. The ED is currently collecting digital and documentary evidence linked to these unlawful international transactions.
