The central agency also conducted raids on multiple locations in Odisha . Kolkata: Enforcement Directorate (ED) on Monday carried out searches at several locations in Kolkata, including Posta and Burrabazar area, in connection with a bank fraud case.
Searches were being carried out at nine locations in connection to a bank fraud, worth more than Rs 1,000 crore, according to an ED officer. The case relates to allegations of financial irregularities involving a Bhubaneswar-based company, which had reportedly taken loans amounting to Rs 1,109 crore from a number of banks. The agency suspects the funds were subsequently misappropriated. There are also allegations that the money was transferred from Odisha to Kolkata through various channels. You Can Also Check: Gold Rate in Kolkata | Silver Rate in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata | Kolkata AQI | Weather in Kolkata | Petrol Price in Kolkata | Diesel Price in Kolkata | CNG Price in Kolkata | LPG Price in Kolkata
The ED officer said the searches at CBD on Monday aimed at tracing the route through which the allegedly diverted funds were transferred and identifying the channels used to move the money.