1 day ago
Enforcement Directorate Raids Six Kolkata Locations in AMP Case
The Enforcement Directorate is investigating an alleged fraud involving the AMP chit fund.
It searched six places in Kolkata and 17 places in Indore.
Investigators suspect that money collected through the chit fund was moved into construction and real estate projects.
They are checking homes and businesses linked to a businessman, a construction-company director and investors.
The agency is also trying to find where the money went and who may have received it.
The searches began after an official case report was registered.
They came one day after businessman Amit Gangopadhyay was arrested in a separate alleged illegal-construction matter connected to the investigation.
Officials said Gangopadhyay did not cooperate during questioning.
The allegations are still being investigated.
The Enforcement Directorate searched six locations in Kolkata over the alleged AMP chit fund fraud case.
Investigators are examining suspected money laundering through real estate and construction businesses.
Searches included premises linked to a Narkeldanga businessman, a construction-company director and investors.
The agency suspects AMP funds were diverted into construction and real estate projects, with searches also held at 17 Indore locations.
The raids followed the arrest of businessman Amit Gangopadhyay and the registration of an Enforcement Case Information Report.
- Who
- The Enforcement Directorate, along with businessmen, real estate developers, construction-company personnel and investors linked to the investigation.
- What
- Searches were conducted in an alleged AMP chit fund fraud and suspected money-laundering investigation.
- Where
- Six locations in Kolkata, including Narkeldanga, Netaji Nagar and Rabindra Sarobar, and 17 locations in Indore.
- When
- On Wednesday; the raids followed Amit Gangopadhyay’s arrest the previous day.
- Why
- The agency suspects AMP chit fund money was diverted through construction and real estate projects and is tracing the funds and possible beneficiaries.
Key facts
- Investigating agency
- Enforcement Directorate
- Kolkata searches
- Six locations
- Additional searches
- 17 locations in Indore
- Case status
- An Enforcement Case Information Report was registered
- Suspected activity
- Diversion and laundering of AMP chit fund funds
- Recent arrest
- Businessman Amit Gangopadhyay was arrested the previous day
- Locations named
- Narkeldanga, Netaji Nagar and Rabindra Sarobar
Sources
Related news
Enforcement Directorate Searches Amrit Group, Arrests Kolkata Man
ED Raids Gopal Kanda Premises in Rs 248-Crore Fraud Case
ED Raids Tashee Group Over ₹386 Crore Homebuyer Fraud
ED Raids TMC MP Nadimul Haque’s Properties in Money-Laundering Probe
Enforcement Directorate Searches ARSS, AMR Over Alleged Loan Fraud
ED raids AMR India over alleged loan irregularities
