Archive · 23 Jul 2025
ED Attaches Shares of Former TMC MP's Son in Money Laundering Case
The government is taking action against money laundering.
They have seized shares worth a lot of money that belong to the son of a former politician.
This is because of a case involving a large investment scam where people were promised high returns that never existed.
Investigators believe the money was taken and hidden through complex transactions.
The money was used to buy shares in hospitals.
The former politician was previously arrested and now the son is being targeted in connection with the case.
ED attached shares worth over ₹127 crore of Karan Deep Singh, son of former TMC MP Kanwar Deep Singh.
The attachment is related to a money laundering case involving an alleged ₹1,900 crore Ponzi scheme.
The case originates from FIRs filed against Alchemist Group directors, including Kanwar Deep Singh.
Misappropriated funds were used to acquire shares and construct Alchemist and Ojas Hospitals.
Shares held by Sorus Agritech, “beneficially owned” by Karan Deep Singh, were attached under PMLA.
- Who
- The ED attached shares of Karan Deep Singh, son of former TMC MP Kanwar Deep Singh.
- What
- ED attached shares in connection with a money laundering case linked to a Ponzi scheme.
- When
- The ED announced the attachment on Wednesday.
- Where
- The shares are in Alchemist Hospital and Ojas Hospital in Panchkula.
- Why
- The attachment is part of an investigation into an alleged ₹1,900 crore Ponzi scheme and money laundering.
ED's Actions
N/A
Action Justified?
ED's Actions
ED believes that the attachment is appropriate based on the evidence it has gathered in its investigation of the case.
N/A
No opposing views were provided in the article.
- Person Involved
- Karan Deep Singh
- Previous MP
- Kanwar Deep Singh
- Shares Value
- Over ₹127 crore
- Alleged Scheme Amount
- ₹1,900 crore
- Hospitals
- Alchemist and Ojas Hospital
- Location of Hospitals
- Panchkula
- Law
- Prevention of Money Laundering Act (PMLA)