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ED raids 8 locations in Kolkata in Amrit Project fraud case ahead of Durga Puja
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News18•12-10-2026, 08:56
ED raids 8 locations in Kolkata in Amrit Project fraud case ahead of Durga Puja
- •The Enforcement Directorate launched intense searches at 8 locations across Kolkata early Monday morning in connection with a financial fraud case.
- •The raids are linked to Amrit Project Limited, which allegedly duped ordinary citizens by promising hefty returns on investments.
- •In September, the central agency had previously raided 17 locations in Kolkata and Indore, seizing immovable properties and foreign currency.
- •Investigators found that funds collected from the public were diverted into real estate, construction companies, and other businesses.
Key Questions Answered
The Enforcement Directorate conducted searches in connection with an investment fraud case involving 'Amrit Project Limited' and the 'Amrit Group of Companies', which allegedly raised crores from ordinary citizens under the false promise of high returns.
During the earlier raids linked to the Amrit Project Limited case, the ED seized immovable properties worth 75 crore rupees, one million rupees in cash, 48,000 US dollars, and documents regarding 20 crore rupees in anonymous investments.
The central agency conducted intense searches at eight locations in Kolkata, including Tollygunge and Sarat Bose Road, following previous raids spanning seventeen locations across Kolkata and Indore.
