July 13 2018
THE DIRECTORATE of Revenue Intelligence (DRI) on Thursday busted a Rs 2,000-crore money laundering racket allegedly run by two Surat-based firms, a clutch of diamond values and a customs house agent (CHA) at the Bharat Diamond Bourse in Bandra-Kurla Complex (BKC) in Mumbai.
Sources at the DRI said Surat-based Antique Exim Pvt Ltd and Tanman Jewels Pvt Ltd along with three diamond valuers — Paresh Shah, Naresh Mehta, Pradeep Zaveri — and CHA Vikki Kakkad have laundered Rs 2,000 crore in the last two years by “over-invoicing imports of low quality” rough diamonds at Bharat Diamond Bourse.