The Directorate of Enforcement (ED), Jammu, has provisionally attached immovable property worth Rs 1 crore under the Prevention of Money Laundering Act (PMLA), 2002. The property comprises industrial land in Panipat, Haryana, belonging to M/s Vidit Healthcare Pvt. Ltd., Sirmour, HP.
The action follows an investigation initiated on a case registered by the NCB, Jammu, against M/s Vidit Healthcare (Managing Partner: Neeraj Bhatia), Niket Kansal, and others for the illegal diversion of a Codeine-based cough syrup (CBCS), “Cocrex”, for misuse as an intoxicant.
ED investigations revealed that between 2018 and 2024, M/s Vidit Healthcare supplied CBCS to entities controlled by Niket Kansal—M/s SS Industries, M/s Kansal Industries, M/s Nouveta Pharma, M/s Kansal Pharmaceuticals, and N K Pharmaceuticals—amounting to Rs 16.74 crore. Part of the diverted CBCS was supplied to Raees Ahmed Bhat of Srinagar, from whom large quantities were seized by NCB on January 14, 2024.
The probe estimated that M/s Vidit Healthcare earned a gross profit of Rs 2.92 crore as proceeds of crime from the illegal sale of CBCS to Niket Kansal’s entities.
Earlier, ED conducted searches at the residences of Neeraj Bhatia and Niket Kansal on February 13, 2025, seizing Rs 32 lakh in cash and jewellery worth Rs 1.61 crore from Bhatia’s residence.
In continuation of the investigation, the ED has now attached the Panipat industrial land of M/s Vidit Healthcare, valued at approximately Rs 1 crore. Further investigations are ongoing. (Agencies)
