A ₹2 crore money trail, a luxury Land Cruiser, and alleged mafia links- fresh ED findings in the illegal cough syrup case raise troubling questions about how prime accused Shubham Jaiswal’s network moved and hid illicit funds.
The latest findings point to a suspicious transfer of nearly Rs 2 crore
Lucknow: The Enforcement Directorate (ED) has made a significant breakthrough in its probe into an illegal narcotic cough syrup syndicate, uncovering new financial links that could further complicate matters for the prime accused, Shubham Jaiswal.
The latest findings point to a suspicious transfer of nearly Rs 2 crore, allegedly routed through a firm linked to one of Jaiswal’s close relatives.
According to ED officials, the money was transferred from the relative’s firm to an Ayodhya-based construction company. Investigators have found no clear business rationale for the transaction, raising strong suspicion that the funds were proceeds of crime generated from the illicit cough syrup trade. The agency believes the money may have been laundered through the construction company to make it appear legitimate.
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Sources revealed that the transferred amount was allegedly used to purchase a high-end Toyota Land Cruiser. The luxury vehicle is suspected to have been gifted to an influential mafia-linked relative from eastern Uttar Pradesh.
The ED suspects that such purchases were made to park illegal funds in high-value assets while also displaying social and political clout. The Land Cruiser is now part of the ongoing investigation.
Following the discovery, the ED has intensified scrutiny of the money trail between a Varanasi-based firm and the Ayodhya construction company.
Officials are examining transaction records and business relationships to determine how such a large sum was moved. Preliminary findings suggest that the construction company had not previously handled high-value transactions of this nature.
Investigators have also flagged the construction company’s relatively recent establishment, noting it was formed just three years ago. The sudden inflow of ₹2 crore and its alleged use for purchasing a luxury vehicle have raised further red flags. The ED is now examining the company’s financial records, tax filings, and income statements in detail.
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As the investigation widens, the ED believes the cough syrup syndicate may have operated with the backing of mafia elements. Officials suspect that criminal influence played a role in shielding the network for years. More individuals with alleged links to organised crime are expected to come under the scanner in the coming days.
The probe has also expanded to include other high-end vehicles. Cars bearing the 9777, 1111, and now 1777 number series are under scrutiny, with some reportedly being used by relatives linked to both the construction company and suspected mafia figures.
