ED doing research in Kolkata, Rs 7 cr recovered

KOLKATA: On Saturday, Law Enforcement (ED) staff carried out searches at three different locations in Kolkata and seized a considerable sum of cash from the person of a businessman based in town.

Even though the process of counting banknotes in denominations of Rs 500 and Rs 2,000 is not yet complete, according to estimates by central agency officials, the money recovered would be around Rs 7 crore.
Law Enforcement Directorate teams departed the agency’s Central Government Office (CGO) complex office in Salt Lake Saturday morning, accompanied by members of the Central Armed Forces.

The first team arrived at a lawyer’s home in a multi-storey housing complex at 34 Macleod Street, which is below the Park Street police stations.

The second team raided Nisar Ali’s Garden Reach home on Shahi Atabal Lane. The huge chest containing the massive banknotes with denominations of Rs. 500 and Rs. 2,000 was later found by ED officers.
The ED immediately notified a local branch to delegate staff with currency counting machines. Until the latest available updates, note counting was always enabled.

ED sources claimed that Khan was unable to identify the sources of this huge sum of money. Although he supposedly operated a transportation business, it emerged that he was actually involved in various financial theft schemes.
Officials (ED) are also questioning his youngest son Amir.

The residence of a clothing trader on Mayurbhanj Road is currently the target of simultaneous raids and searches by the third team of ED officials.

This is the third significant money recovery by ED from Kolkata in less than two months.

In two phases at the two residences of Arpita Mukherjee, the close aide to former West Bengal education minister Partha Chatterjee, ED officials recouped about Rs.50 crore in late July as they were investigating the multi-million dollar West Bengal School Services Commission recruitment scam.

Both Chatterjee and Mukherjee are believed to be in custody.

ED seizes Rai alcohol mafia assets worth Rs 3.51 crore in Bihar

ED Raids 35 Delhi Locations Over Liquor Scam, Manish Sisodia Problems Rise

ED-IT Raids Will Happen Again in Chhattisgarh, CM Himself Revealed