ED Seizes Assets in Major Money Laundering Case Linked to Illegal Internet Pharmacy

In a significant move, the Enforcement Directorate has seized land and bank deposits worth Rs 8 crore in a money laundering probe related to an illegal internet pharmacy operated by JR Infinity Pvt. Ltd. in Hyderabad. The company allegedly exported psychotropic substances under the guise of legitimate business services.

The Enforcement Directorate (ED) has announced the attachment of land parcels and bank deposits amounting to approximately Rs 8 crore in Madhya Pradesh. This action is part of an investigation into a money laundering case linked with a Hyderabad-based entity running an illegal internet pharmacy.

An official order from the Hyderabad ED office, issued under the Prevention of Money Laundering Act (PMLA), provisionally attaches the assets of JR Infinity Private Ltd., its promoter Aashish Jain, and his family. The ED's probe is based on a 2022 complaint by the Narcotics Control Bureau (NCB).

The ED claims that Jain operated an illegal internet pharmacy through JR Infinity Pvt. Ltd., exporting psychotropic substances illegally disguised as search engine optimisation services. The company allegedly acquired 'proceeds of crime' by overseas illegal drug sales, leading to the acquisition of significant assets.