Jammu: The Jammu Sub-Zonal Office of the Enforcement Directorate (ED) in Jammu and Kashmir said on Monday that the agency has attached immovable property worth Rs 1 crore under the Prevention of Money Laundering Act (PMLA), 2002.
A press statement by the ED said, “The Jammu Sub-Zonal Office of the Enforcement Directorate (ED) has provisionally attached immovable property worth nearly Rs 1 crore under the Prevention of Money Laundering Act (PMLA), 2002.
“The provisionally attached property comprises industrial land at Panipat, Haryana, of M/s Vidit Healthcare Private Ltd., Sirmour, Himachal Pradesh, the ED initiated investigation in respect of case registered by the Jammu NCB against M/s Vidit Healthcare (Managing Partner, Neeraj Bhatia) Niket Kansal and others for illegal diversion of a codeine-based cough syrup (CBCS), “Cocrex”, for misuse as intoxicant/drug, from manufacturer, M/s Vidit Healthcare,” the statement added.
“ED investigation revealed that M/s Vidit Healthcare supplied CBCS to entities viz. M/s S.S. Industries, M/s Kansal Industries, M/s Nouveta Pharma, M/s Kansal Pharmaceuticals and N.K Pharmaceuticals (all operated and controlled by Niket Kansal r/o Delhi) during 2018-24, to the tune of about Rs 16.74 crore. Part of such illegally diverted CBCS was supplied to Raees Ahmed Bhat, a resident of Srinagar, from whom large quantities of CBCS was seized on January 14, 2024 by NCB.”
“ED investigation further revealed that M/s Vidit Healthcare earned gross profit estimated to be nearly Rs 2.92 crore as proceeds of crime from the sale of codeine-based cough syrup (CBCS) to entities operated by Niket Kansal viz. M/s S.S. Industries, M/s Kansal Industries, M/s Nouveta Pharma, M/s Kansal Pharmaceuticals and N.K Pharmaceuticals. Earlier in this case, ED has conducted search at the premises of Neeraj Bhatia and Niket Kansal on February 13, 2025, resulting in seizure of cash amounting to Rs 32 lakh and jewellery valued at Rs 1.61 crore from the residential premises of Neeraj Bhatia and in furtherance of investigations, ED has further attached immovable property in the form of land at Panipat of M/s Vidit Healthcare, worth nearly Rs one crore.”
“Further investigation is underway,” the statement said.