Mumbai - Enforcement Directorate (ED) carried out raids on four jewelry shops at Zaveri Bazaar and seized Rs. 69 crores. This raid was done on the information received that these shops were converting black money into white. Post demonetisation, Rs. 69 crores were deposited in the bank accounts of these shop owners. ED also got to know that these shop owners were carrying out transaction in the name of bogus companies. Apart from this, ED has also seized crore of rupees in the bank accounts of these four businessmen.