The Enforcement Directorate as part of its investigation into the smuggling of raw human hair from Hyderabad to China via Myanmar, has identified three Mizoram-based shell entities.
The sale proceeds, to the tune of hundreds of crores of rupees in cash which were later being remitted to several merchants across the country, were found with M/s. St. Mary’s Gem Industries and M/s. Sun Moon Human Hair of Champai town in Mizoram and M/s. Thari Enterprises in Aizwal, the ED said in a release on Monday.
The cash so generated in the operation was being used for illegal compensatory payments through unauthorised channels.
