ED Raids Anas Group in Ahmedabad: Over Rs 5 Crore in Cash, Gold, and Silver Seized in FEMA Probe

AHMEDABAD (February 25, 2026): In a major crackdown on illegal financial transactions, the Directorate of Enforcement (ED), Ahmedabad Zonal Office, carried out extensive search operations across nine locations in Ahmedabad targeting the Anas Group and its partners.

The tobacco manufacturing conglomerate, known for brands like Amber Tobacco, Umda Tobacco, and Sama Filter Khaini, is currently under investigation for alleged violations of the Foreign Exchange Management Act (FEMA), 1999.

The raids were initiated following credible intelligence suggesting that the Nagariya family, who spearhead the group, have amassed significant overseas assets in posh areas of Dubai.

These investments were reportedly funded through unauthorized banking channels and illegal hawala networks, bypassing official Indian financial regulations.The search operations resulted in a massive recovery of high-value assets and incriminating evidence.

Officials seized Indian currency totaling Rs 1.01 Crore alongside foreign currency valued at approximately Rs 33.34 Lakh. Furthermore, the ED confiscated 16 gold bars weighing 1.6 kg (market value approx. Rs 2.5 Crore) and 168 silver bars weighing roughly 80 kg (market value approx. Rs 2 Crore).

Beyond the physical wealth, the agency recovered various documents and digital records that explicitly detail foreign properties in Dubai linked to the Anas Group partners and Nagariya family members.

While the primary search phase has concluded, the Directorate of Enforcement confirmed that a deeper investigation is currently underway to trace the full extent of the illegal money trail.