Xenia Pharma Scam: ED Probe Reveals Nishant Sareen Was the Real Operator, Komal Khanna a Proxy Owner
Shimla/Baddi:
A major revelation has emerged in the ongoing Enforcement Directorate (ED) investigation — Nishant Sareen was the actual operator of Xenia Pharmaceuticals, while Komal Khanna was merely a proxy owner, shown on paper.
According to the ED, Sareen used Komal Khanna as a front to extort money from various pharmaceutical companies. The agency has now summoned Komal Khanna and other individuals under the Prevention of Money Laundering Act, 2002 (PMLA) for further questioning.
Meanwhile, the PMLA Special Court has sent Sareen to judicial custody till October 27 and ordered his lodging in Solan Jail.
Sareen was arrested on October 10 during questioning at ED's Shimla Zonal Office in connection with a case involving disproportionate assets and suspected money laundering. He was initially sent to 4-day ED custody, and after the completion of his remand, he was again produced in court on Tuesday.
Background:
The case against Nishant Sareen dates back to his tenure as Assistant Drug Controller (ADC) in Baddi, where he allegedly indulged in corruption, misuse of office, and bribery while issuing drug licenses. A Vigilance FIR is also registered against him.
Following the FIR, the ED launched its own investigation. In June 2025, the agency conducted raids at Sareen’s and his relatives’ residences, seizing a large amount of incriminating documents, digital evidence, drug licenses, property papers, laptops, mobile phones, and pen drives.
Additionally, the ED seized two luxury vehicles, over 40 bank accounts, FDRs, and three bank lockers, which are suspected to be linked to proceeds of crime.
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