Authorities seize assets worth ₹333 crore in multi‑state sweep on Shivam Enterprises

During the raids, the ED identified payment flows amounting to roughly ₹333.89 crore. While a significant portion of the illicit proceeds—about ₹1,777.08 crore—remains untraced, officials recovered extensive documentary and digital evidence relating to the creation, layering, and parking of the illegal funds. Agents who marketed the scheme were paid a commission of 0.5%. The seized material includes records of fund transfers, investment in real estate, and other transactions linking the accused to a network of related parties.