Bhubaneswar: The Enforcement Directorate (ED) on Saturday raided the offices and residence of real estate company ‘Z’ director in Odisha in connection with alleged forex violations.
According to sources, the simultaneous searches are underway at 11 places associated with the real estate company, including Directors’ offices and residences since Friday under the provisions of the Foreign Exchange Management Act (FEMA), 1999.
No comments obtained so far been obtained from company officials regarding the raids.