Archive · 23 Jul 2025
ED Attaches Assets in Case Against Ex-TMC MP's Son
Imagine a company that tricked people into investing money by promising big returns, but it was all a lie.
This company is accused of stealing nearly 2000 crore rupees.
The government is now investigating and has frozen over 127 crore rupees worth of shares held by the son of a former politician who was involved with the company.
The company allegedly used the stolen money to buy shares and build hospitals.
The government is trying to recover the money to help the people who were cheated.
ED attached over Rs 127 crore worth of shares in money laundering case.
Shares are "beneficially owned" by the son of former TMC MP Kanwar Deep Singh.
The case involves a Rs 1,900 crore ponzi scheme fraud.
Misappropriated funds were used to acquire shares and construct hospitals.
The attached shares are from Alchemist Hospital and Ojas Hospital.
- Who
- The Enforcement Directorate (ED) attached shares "beneficially owned" by Karan Deep Singh, the son of former TMC MP Kanwar Deep Singh.
- What
- ED attached Rs 127 crore worth of shares in a money laundering case related to a ponzi scheme.
- When
- The attachment was announced on Wednesday.
- Where
- The shares are from Alchemist Hospital and Ojas Hospital in Panchkula.
- Why
- The attachment is part of an ongoing investigation into a money laundering case linked to a Rs 1,900 crore ponzi scheme.
- Attached Assets
- Shares worth Rs 127.33 crore
- Owner of Shares
- Karan Deep Singh
- Beneficiary
- Son of Kanwar Deep Singh, former TMC MP
- Money Laundering Case Basis
- FIRs filed by Kolkata Police and CBI
- Scheme Value
- Rs 1,900 crore (alleged)
- Hospitals Involved
- Alchemist Hospital and Ojas Hospital, Panchkula