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Varanasi Police Issue LOC for Prime Accused in Codeine Racket, Trace Rs 40 Crore in Assets

A state-appointed SIT is vetting records to confirm ownership before any seizure.

Overview

  • Lookout circulars were issued for Shubham Jaiswal and three alleged accomplices—Divesh Jaiswal, Amit Jaiswal and Akash Pathak—with a Rs 50,000 reward announced for information on Jaiswal.
  • Police say intelligence inputs suggest Jaiswal fled India and is suspected to be in Dubai.
  • Investigators have flagged properties worth nearly Rs 40 crore allegedly linked to Jaiswal, with verification underway through the registry, tehsil and Varanasi Development Authority.
  • Officials say coercive action on the assets will follow only after documentary proof of ownership and funding sources is established.
  • Authorities report 78 arrests statewide and action against 134 firms, while the IG-led SIT probes financial flows, diversion of consignments and inter-state links and prepares extradition steps for those who fled abroad.