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ED Raids 14 Locations in 645 Crore Money Laundering Case; IAS Officers Under Scanner.
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CNBC Awaaz•29-09-2026, 15:24
ED Raids 14 Locations in 645 Crore Money Laundering Case; IAS Officers Under Scanner.
- •ED conducted rapid searches at 14 locations in Chandigarh, Mohali, and Panchkula in a 645 crore money laundering case.
- •The action stems from a Haryana Police FIR regarding alleged embezzlement from Haryana government and Chandigarh Municipal Corporation accounts.
- •Searches targeted jewelers including Malik Jewelers, KLG Jewels, MB Gold Traders, Shyam Jewelers, Sundar Jewelers, and entities linked to Gaurav Kansal.
- •ED alleges funds from government accounts were routed through jewelers to legitimize the proceeds of crime.
- •Investigation revealed funds reached IAS officers and other government employees; CBI has filed a charge sheet against six IAS officers in the related fraud case.
Key Questions Answered
The Enforcement Directorate conducted searches as part of a money laundering investigation stemming from a February 2026 Haryana Police FIR regarding the alleged embezzlement of Rs 645 crore from government accounts.
The ED alleges that funds withdrawn from government accounts were routed through various jewelers and associated entities like Malik Jewelers and KLG Jewels to conceal their true origin and present them as legitimate business transactions.
The ED has arrested four accused individuals, filed a prosecution complaint against 14 accused in the Special PMLA Court in Panchkula, and attached, seized, or frozen movable and immovable properties worth approximately Rs 211 crore.
