ED, Jalandhar has conducted searches operations at 14 locations in Mohali (Punjab), New Delhi, Noida, Ghaziabad (UP) and Mumbai (Maharashtra) on 17.10.2024 under the FEMA, 1999 in connection with investigation against M/s Vuenow Marketing Services Ltd., M/s Vuenow Infotech Pvt. Ltd. and M/s Zebyte Rental Planet Private Ltd. During the Search operations, various incriminating documents, digital devices, Indian currency of Rs. 30.50 Lakh, foreign currency of 6410 Euros, 3062 USD, 05 Singapore Dollars and 2750 Swiss Franc were recovered and seized

The Directorate of Enforcement (ED), Jalandhar Zonal Office conducted a series of search operations on October 17, 2024, at fourteen locations across Mohali, New Delhi, Noida, Ghaziabad, and Mumbai. The searches were carried out under the provisions of Section 37 of the Foreign Exchange Management Act (FEMA), 1999, in connection with an investigation into M/s Vuenow Marketing Services Ltd., M/s Vuenow Infotech Pvt. Ltd., and M/s Zebyte Rental Planet Private Ltd.

The search operations led to the recovery and seizure of Indian currency worth Rs. 30.50 lakh, foreign currency including Euros, USD, Singapore Dollars, and Swiss Francs, as well as digital devices and incriminating documents. The investigation is ongoing, with further probe underway into these companies in relation to their alleged receipt of huge and irregular foreign inward remittances.

Key findings from the search operations include:

• Recovery of Indian currency worth Rs. 30.50 lakh


• Seizure of foreign currency (Euros, USD, Singapore Dollars, Swiss Francs)


• Recovery of digital devices and incriminating documents