The Directorate of Enforcement searched the residential and business premises of Vuenow group of companies, including IT solutions firm Vuenow Infratech , its director Rahul Anand Bhargav and other related people and entities, the agency said on Friday (August 15, 2025).
The search was conducted on Thursday in premises across Punjab, Haryana and Maharashtra states in connection with money laundering allegations related to the group, the Enforcement Directorate (ED) said in a post on X.
The agency said it has seized cash, electronic devices, âincriminating recordsâ, shares and immovable property worth âč737.2 million($8.4 million).
Vuenow Infratech, which provides IT and consulting services, said in a statement to exchanges that the ED has seized its main Bhiwadi data centre, in Rajasthan, worth âč92.5 million, which could impact its financial or operational activities.
The company is âtrying to assess the extentâ of the impact, it said.
Bhargavâs demat account, used to hold and trade securities, has also been frozen for debit transactions, Vuenow added.
Published â August 15, 2025 11:09 pm IST
