Directorate ED has arrested an individual for allegedly creating several shell companies and illegally acquiring foreign currency worth ₹329 crore, which was then transferred abroad. This was done using fake import bills. The arrest follows a similar case in July, when the ED detained four people for incorporating 20 shell entities and using them to acquire $4,52,31,799 through multiple bank accounts. These cases highlight ongoing investigations into financial crimes and money laundering in India. ED now action