ED raids 16 locations in Bengaluru over alleged money laundering linked to Attika Gold Company

The Enforcement Directorate (ED) conducted searches at 16 locations in Bengaluru, Chennai, Hyderabad, and Visakhapatnam on September 23 and 24. The searches were related to allegations of illegal money laundering through the purchase and acquisition of stolen gold. During the raids, ED officials seized assets, including ₹7.52 lakh in cash, foreign currency, gold ornaments, and silver items, suspected to be obtained through criminal activity. The investigation is based on multiple FIRs and chargesheets filed at various police stations regarding the alleged purchase, acquisition, and transaction of stolen gold by Attika Babu, the owner of Attika Gold Company.