January 3, 2017
During an off record conversation with a senior Enforcement Directorate official here, it has come to light that the traditional modus operandi for laundering money by the medium of gold purchase/sell has seen a huge boost post demonetisation. wever, the ED is looking into the aspect that despite having almost nil demand post demonetisation why bullions were importing so much gold. The initial probe indicates a huge racket of money laundering in this trade.
As per the official, a total 66,000 kilograms of gold was imported in November all over the country, with Mumbai importing 1,250 kilograms and Delhi 25,000 kilograms, becoming the city with maximum gold being imported.