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India

ED calls Rs 22 cr revenue generated by Goa nightclub as...

The Enforcement Directorate (ED) has linked Rs 22 crore in revenue generated by the Goa nightclub 'Birch by Romeo Lane' to potential money laundering activities. The revenue, accrued over the last two fiscal years, is suspected to be proceeds of crime due to the club operating without the necessary licenses. Following this investigation, raids were conducted in Goa, Delhi, and Haryana targeting the club and its promoters.

ED calls Rs 22 cr revenue generated by Goa nightclub as...

Credit: Dailyexcelsior

Key Highlights

  • ED suspects Rs 22 crore revenue from 'Birch by Romeo Lane' nightclub as proceeds of crime.
  • The nightclub has been linked to a fire incident that killed 25 people last year.
  • Raids were conducted in Goa, Delhi, and Haryana on January 23.
  • The club allegedly operated without statutory licenses.
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Sources

  1. ED terms ₹22 crore revenue of Goa nightclub as proceeds of money laundering
  2. ED calls Rs 22 cr revenue generated by Goa nightclub as...

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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