New Delhi, June 17 (IANS) The Directorate of Enforcement (ED) has secured a significant confiscation order in an ongoing investigation under the Prevention of Money Laundering Act (PMLA), 2002, related to the case of M/s Zatak Softech Pvt. Ltd. and others.

The development marks a major success in the agency’s crackdown on the proceeds of illicit drug trafficking.

The ED initiated the probe based on a scheduled offence involving the illegal trafficking of psychotropic substances under the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985.

Investigations revealed that the principal accused, Amit Kumar and Archana Sharma, had generated substantial proceeds of crime through prolonged illegal trafficking of psychotropic substances.

These illicit funds were subsequently layered, concealed, and projected as untainted assets through the acquisition of various movable and immovable properties in their own names as well as in the names of associated entities and persons.

Further probe disclosed that M/s Farma Glow, a partnership concern of the accused persons, was utilised to hold and manage a part of the crime proceeds. This included funds maintained in bank accounts that were provisionally attached by the ED.

The attached assets, derived from the scheduled offence, were subjected to attachment and confiscation proceedings under the PMLA, 2002. The investigation led to the provisional attachment of several movable and immovable properties valued at Rs 6.57 crore.

Notably, among these, two movable properties (bank accounts) held in the name of M/s Farma Glow, valued at approximately Rs 60 lakh, have now been ordered for confiscation to the Government of India by the Hon’ble Special Court, PMLA, Gurugram, Haryana, under section 8(7) of the PMLA, 2002.

Amit Kumar and Archana Sharma, the partners of M/s Farma Glow, are currently absconding and have been declared proclaimed offenders by the Court vide order dated May 19, 2025.

The process of securing convictions of the other accused individuals and further confiscations is reported to be underway.

–IANS

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