In the eastern region, the agency is searching at least 16 locations including six in Kolkata, two each in Bhubaneswar and Paradip (both in Odisha), Guwahati among others. In the eastern region, the agency is searching at least 16 locations including six in Kolkata, two each in Bhubaneswar and Paradip (both in Odisha), Guwahati among others. Enforcement Directorate (ED) on Wednesday conducted searches at 40 locations across the country in order to check black money held with currency exchanges, hawala dealers and others in the wake of the demonetisation of Rs 500 and Rs 1000 notes. In the eastern region, the agency is searching at least 16 locations including six in Kolkata, two each in Bhubaneswar and Paradip (both in Odisha), Guwahati among others. ED is the central agency to enforce two laws — theForeign Exchange Management Act (FEMA) and the Prevention of Money Laundering Act (PMLA).

Source: Indian Express November 30, 2016 11:37 UTC