Hyderabad: ED attaches JR Infinity’s Rs 7.98 crore assets over online sale of illegal drugs
The company was running the business in the guise of providing telemarketing call centre services and search engine optimisation services
By Newsmeter Network Published on 26 Feb 2025 3:19 PM IST
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Hyderabad: Enforcement Directorate officials here attached 22 immovable and eight movable properties worth Rs 7.98 crore in a case related to the illegal export of psychotropic substances by a private firm JR Infinity.
Who are the people involved?
The ED stated that JR Infinity Private Limited managing director Aashish Jain was running an illegal internet pharmacy business from the premises of the company and was illegally exporting psychotropic substances in tablet form having labels such as Alprazolam, Zolpidem, Lorazepam, Clonazepam, Hydrocodone, Oxycodone etc.
The company was running the business in the guise of providing telemarketing call centre services and search engine optimisation services. Earlier, raids by the Narcotics Control Bureau led to the seizure of Indian and foreign currency at the firm amounting to Rs 3.72 crore (approx.).
What did the investigation find?
Aashish Jain registered JR Infinity for illegally exporting psychotropic substances such as Alprazolam, Tramadol, Diazepam etc. to overseas customers in violation of the provisions of the NDPS Act, 1985 and made profits on the sales.
The investigation revealed that even before the incorporation of JR Infinity, Aashish Jain and his family members received foreign remittances of more than Rs 4.50 crore in their personal bank accounts, without any genuine business transacted and against the illegal sale of drugs abroad. The total Proceeds of Crime (POC) identified in the case during the PMLA investigation is Rs 12.76 crore (approx.).
The ED investigation revealed that the POC was used for creating fixed deposits and the purchase of several immovable properties in the name of Aashish Jain and his family members.
