The Enforcement Directorate is initiating money-laundering probe involving at least three Indian Revenue Service (IRS) officials in connection with the entries in a diary seized during searches related to the Sandesara group of companies in 2011, allegedly showing transactions between them.
Under the Foreign Exchange Management Act, the Enforcement Directorate (ED) last month searched the premises of group companies in Delhi, Mumbai, Vadodara and Ahmedabad.
Days later, the CBI registered a case against Principal Commissioner Sunil Kumar Ojha, Commissioner Subhash Chandra and Commissioner Manas Shankar Ray, besides Vadodara-based Sterling Biotech Ltd, based on the alleged transactions shown in the diary.