The number of search operations is more than the pro-active operations in the last 10 years. A total of 131 new cases were booked under PMLA. The attachments have increased since senior IRS officer Sanjay Mishra took over as director.
ED Hyderabad has also made a record number of arrests in the last three years with at least 26 persons being held. It also issued the biggest provisional attachment order of Rs 4,120 crore in the case of Agrigold MLM scam, attaching 3,000 properties.
In another big case, ED seized 145 kg of gold and diamond jewellery worth Rs 86 crore from Musaddilal Group in the demonetisation scam in April 2019.
The action against Chinese-controlled companies involved in hawala unearthed a new modus operandi of money laundering. ED Hyderabad is also conducting intensive investigation against Chinese online mobile betting apps which have collected around Rs 1,100 crore from gullible Indians.
In one of the biggest seizures under FEMA against Chinese operators, ED Hyderabad seized Rs 288 crore from a Chinese-controlled Indian NBFC making foreign outward remittances for fake software work from foreign service providers.