ED summons Shubham Jaiswal in ₹1000 Cr cough syrup scam; ₹2 Cr home decor exposed.

Lucknow
N
News18•13-12-2025, 23:51
ED summons Shubham Jaiswal in ₹1000 Cr cough syrup scam; ₹2 Cr home decor exposed.
- •ED summoned Shubham Jaiswal, mastermind of a cough syrup smuggling syndicate, to its Lucknow office on December 15 after he missed previous summons.
- •ED raids concluded at 25 locations across four states, including Jaiswal's Varanasi home, where interior decoration alone cost ₹2 crore.
- •Investigations revealed 189 alleged fake firms linked to Jaiswal, with further raids on his CA and other associates uncovering hundreds more suspicious firms.
- •The Enforcement Directorate estimates the cough syrup smuggling syndicate generated an illicit income of ₹1000 crore.
Why It Matters: ED's probe into Shubham Jaiswal's cough syrup syndicate uncovers massive illegal earnings.
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