PANAJI: The Enforcement Directorate (ED) has provisionally attached immovable properties valued at approximately Rs 7.17 crore in Goa as part of a major money laundering investigation linked to international narcotics trafficking, an official statement said on Thursday.
The action, carried out by the ED’s Panaji Zonal Office, targets assets allegedly acquired through the illicit trade of commercial-grade drugs.
The investigation was initiated under the Prevention of Money Laundering Act (PMLA) following a complaint filed by the Narcotics Control Bureau (NCB), Goa, in March 2021.
The case names Ugochukwu Solomon Ubabuko, Infinity John (alias David/Valentine Ejezie), and Prasad Prakash Walke as key accused under the Narcotic Drugs and Psychotropic Substances (NDPS) Act.
The statement that the NCB previously seized substantial quantities of LSD, cocaine, charas, and ganja from premises in Assagao.