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ED Conducts Early Morning Raids in Burrabazar and Posta Over Bank Fraud
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News18•12-10-2026, 08:53
ED Conducts Early Morning Raids in Burrabazar and Posta Over Bank Fraud
- •The Enforcement Directorate conducted simultaneous search operations at 9 locations across West Bengal and Odisha in connection with a Bhubaneswar bank fraud case.
- •Searches were carried out in Kolkata's Burrabazar and Posta areas linked to the Gupta Power Bank fraud investigation.
- •The central agency is probing allegations of a massive 1,109 crore rupee bank loan fraud and siphoning of funds.
- •Earlier, the Central Bureau of Investigation had also conducted searches in relation to the same fraudulent activities.
Key Questions Answered
The Enforcement Directorate conducted searches across Odisha and Bengal in connection with a bank fraud case involving allegations of a fraud amounting to 1,109 crore rupees and the siphoning off of bank loan money through 'Gupta Power Bank'.
Former minister Indranil Sen faced accusations of irregularities in Information and Culture Department transactions during the Trinamool regime, including extorting 50-60 crore rupees under the pretext of giving out Durga Puja passes and misusing UNESCO's name.
The ED raided at least six locations in Kolkata regarding a chit-fund fraud case, visiting a businessman's house in Narkeldanga who allegedly raised and invested money through a chit fund, alongside addresses in Netajinagar and Rabindra Sarobar.
