Hyderabad, Sep 26 (IANS) The Enforcement Directorate (ED) searched the premises of luxury car dealer Basarath Ahmed Khan here on Friday for alleged violations of the Foreign Exchange Management Act (FEMA).

The ED’s Hyderabad unit conducted searches at the dealer’s residence in Jubilee Hills and his offices, including the Car Lounge in Gachibowli.

The ED officials also searched the premises linked to Basarath Khan’s relatives and friends. The searches lasted for six hours.

In May 2025, the Directorate of Revenue Intelligence (DRI), Ahmedabad, arrested Basarath Khan in connection with a customs duty evasion racket linked to the import of high-end cars.

The dealer allegedly sold luxury cars to political leaders, business persons, and celebrities. The Central agencies are identifying those

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