In an operation tied to an associate of actor Shekhar Suman, the Enforcement Directorate (ED) conducted searches at Kalanee Impex, managed by Dharmesh Sangani, over undisclosed foreign assets and suspicious cross-border transactions. Sangani, reportedly involved in film production and closely connected to Shekhar Suman, is under scrutiny for allegedly maintaining foreign bank accounts in Canada, the US, and the UAE. The ED is investigating his association with the “Shekhar Suman Film Academy” amid suspicions that he may be its co-founder.
The search conducted by the ED under the Foreign Exchange Management Act, 1999 (FEMA) on Thursday focused on Kalanee Impex Private Limited and its active director Sangani. It was discovered during the search that funds that should have been received in India were not repatriated despite a significant period elapsing. The investigation also revealed discrepancies in export proceeds from overseas buyers and undisclosed foreign assets and bank accounts linked to Sangani.
The ED uncovered evidence of undisclosed foreign assets, including significant shareholding in a Canadian company, and undisclosed foreign bank accounts in Canada, the US, and the UAE. Additionally, the probe agency found undisclosed transactions related to a UAE business entity. Customs authorities in the US and the UK are also probing certain transactions of Sangani, with the ED investigating potential FEMA violations in these transactions.
