ED Raids 8 Locations in Kolkata Over Rs 280 Crore Bank Fraud Case

News18 Hindi · india

ED has conducted major operations in Kolkata, raiding approximately eight locations as part of an investigation into a Rs 280 crore bank fraud case. The searches are focused on Kohinoor Power Private Limited and associated entities. The ED teams are executing search and seizure operations under Section 17 of the PMLA, 2002. The investigation aims to trace the use of funds allegedly generated from criminal activities, with premises of company directors, auditors, and resolution professionals being covered.