The Enforcement Directorate (ED) said on Thursday (February 20, 2025), “It has attached assets worth more than five crore rupees of a pharmaceutical company in Telangana under the Prevention of Money Laidy Act.”
The ED said that, ‘the company is accused of illegally exporting more than 18,000 kg of medicines to Pakistan’. An interim order was issued against the company ‘Luisant Drugs Private Limited’ in Sangreddy district of the state on Wednesday under the Money Laundering Act (PMLA).
The ED said in a statement, ‘The attached properties include the company’s land, building and factory premises and their price is around Rs 5.67 crore.
The company or its directors could not be contacted immediately to feed the ED action. The ED said, ‘The case of money refinement is based on the complaint filed against the company for illegal exports of’ Traumadol ‘drug against the company and forgery of documents related to various export authorities against the company.
‘Traumadol’ is a powerful drug that is used as a pain reliever in a group of drugs called narcotics. It is used to treat severe pain. Doctors prescribe it only when weak painkillers do not work.
Lucent Drugs Private Limited is a private company. Its registered office is in Hyderabad. The company has now faced serious allegations. The ED is investigating rapidly in this case.
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