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Mumbai. Dharmesh Sanghani, an associate of actor Shekhar Suman, runs a company ‘Kalani Impex’. ED searched the premises of Dharmesh Sanghani on Friday. This action was taken regarding undisclosed foreign assets and suspicious cross-border transactions. Sanghani is believed to have a stake in the film production and is a close associate of Shekhar Suman. He has come under the scanner of ED due to allegations of running foreign bank accounts in Canada, US and UAE.

Shekhar Suman’s Film Academy came under investigation

According to the agency, Dharmesh Sanghani’s relations with ‘Shekhar Suman Film Academy’ are also being investigated. There are reports that he may be the co-founder of this institute. An official statement said that the ED had conducted the search action on ‘Kalani Impex Private Limited’ and its active director Sanghani under the provisions of the Foreign Exchange Management Act, 1999 (FEMA).

ED said that during the search it was revealed that the money which was supposed to come to India, did not come to India even after a long time had passed.

Evidence to foreign assets and bank accounts found

The investigating agency said, ‘The export proceeds were not received from some foreign buyers. Nor was permission taken from the authorized dealer bank to extend the time. No documentary effort was made to recover the amount. ED’s investigation revealed that the export money was received from a third party other than the consignee or buyer mentioned in the export invoice or shipping bill.

ED said, ‘During the operation, evidence to undisclosed foreign assets and foreign bank accounts was also found. For example, Dharmesh Sanghani was found to have a large stake in a Canadian company, about which no information was given. Information about the concerned foreign bank account and transactions to it was also not given to the right authorities. In another case, a UAE business entity has been identified about which no information was provided. So far, foreign bank accounts without information have been identified in Canada, US and UAE.

In this case, US and UK customs officials are investigating some transactions of Sanghani. ED is also investigating FEMA violations in such transactions.