ED arrests man in Rs 3.75 crore psychotropic drug case
Directorate of Enforcement (ED), Jalandhar Zonal Office, has arrested an individual, for his involvement in generation and acquisition of proceeds of crime through illegal sale of psychotropic tablets such as Tramadol and Alprazolam under the provisions of the Prevention of Money Laundering Act (PMLA) 2002.
He was produced before the Hon’ble Special Court (PMLA), 2002, SAS Nagar, and the Special Court has granted six days ED custody of the accused.
ED initiated investigation on the basis of FIR registered by Punjab Police under various sections of NDPS Act 1985 relating to the large-scale inter-state trafficking of psychotropic tablets and capsules, particularly Tramadol and Alprazolam. Thereafter, a search action was conducted at 16 premises linked with Abhishek Kumar and other entities which resulted in seizure of various incriminating records.
ED investigation revealed that the middle men viz wholesalers and retailers were procuring huge quantities of psychotropic tablets from pharmaceutical firms/manufacturing companies, namely M/s Biogenetic Drugs Pvt. Ltd., M/s CB Healthcare, M/s Smilax Pharmachem Drug Industries, M/s Aster Pharma, M/s Soul Health Care (I) Pvt. Ltd, and were diverting it for sale in black market at high cost than the retail price, through drug peddlers, thereby generating huge Proceeds of Crime (POC).
Abhishek Kumar through his firm, M/s Shree Shyam Medical Agency, procured bulk quantities of these psychotropic tablets from wholesalers/manufacturers and illegally diverted/sold approximately 75% of the stock of these psychotropic tablets out of books. In order to conceal these illicit transactions, the corresponding boxes were shown as legal sales by inflating the number of boxes in the legal bills, thereby generating POC to the tune of Rs. 3.75 Crore in cash.
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