The Directorate of Enforcement (ED) has stated that Interpol has issued a Silver Notice against Karan A. Chanana at its request. The move aims to help the ED trace and freeze his unlawfully acquired assets abroad.
Karan Chanana’s last known location was in the United Kingdom. On February 6, 2026, a special court declared Karan A. Chanana, then Chairman and Managing Director of M/s Amira Pure Foods Private Limited, and the company’s then Whole-Time Director Anita Daing as Fugitive Economic Offenders (FEOs) under the Fugitive Economic Offenders Act, 2018 (FEOA). The court directed confiscation of assets worth ₹123.85 crore.
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ED’s Powers Post FEO Declaration
Once an individual is declared a Fugitive Economic Offender, the ED gains the authority to initiate proceedings for asset confiscation. This includes seizing properties and funds linked to the accused, even if they are located overseas. The FEOA, 2018 provides the legal framework to act against persons who evade prosecution by fleeing the country.
The ED noted that Karan Chanana and Anita Daing have deliberately remained abroad to avoid facing the Indian legal process. Efforts to serve notices were unsuccessful. Special Judge Rajesh Malik observed that both accused are residing in the UK and UAE, attempting to evade criminal prosecution.
Banking Fraud by Amira Pure Foods
ED investigations revealed that the Amira Foods Group had availed bank loans and cash credit facilities totaling ₹1,201.85 crore from a consortium of banks led by Canara Bank. These loan accounts turned into Non-Performing Assets (NPAs) in 2017.
The probe agency has filed a prosecution complaint against 21 individuals, companies, and entities. ED has already attached assets worth ₹131.5 crore, which has been confirmed by the Adjudicating Authority.
The investigation further revealed that Karan Chanana and Anita Daing fled India and are suspected to be residing in the UK and UAE, respectively. The ED highlighted that the accused evaded the jurisdiction of Indian courts to avoid facing criminal proceedings. Consequently, non-bailable warrants and Look-Out Circulars have been issued against them.
Ongoing Asset Tracing and Investigation
ED officials stated that the investigation into tracing other assets, including foreign assets of Karan Chanana and his family members, is currently ongoing. The agency is actively identifying and taking measures to freeze illegally acquired assets.
The issuance of the Interpol Silver Notice and ED’s decisive actions send a clear message that India’s financial institutions and public interest are protected through international cooperation. Tracking Fugitive Economic Offenders and confiscating their illicit assets remains a top priority for the enforcement agency.
This case demonstrates that the ED is vigilant and proactive in tackling money laundering, banking fraud, and economic offenses, both domestically and on the international stage.
About the author – Rehan Khan is a law student and legal journalist with a keen interest in cybercrime, digital fraud, and emerging technology laws. He writes on the intersection of law, cybersecurity, and online safety, focusing on developments that impact individuals and institutions in India.
