ED conducts searches at 8 locations across Bengal in Rs 160 crore fraud case
ED has alleged that several individuals from outside Bengal were defrauded with promises of high interest rates on deposits.
The action is part of ongoing investigations into undisclosed properties held by Indians in Dubai.
Statesman News Service | New Delhi | November 7, 2025 2:05 pm
File image (Photo: IANS)
The Enforcement Directorate (ED) is carrying out searches at multiple locations in Delhi and Goa. The operation is targeting a hawala network and is being conducted under the Foreign Exchange Management Act (FEMA).
The action is part of ongoing investigations into undisclosed properties held by Indians in Dubai.
Further details are awaited.
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ED has alleged that several individuals from outside Bengal were defrauded with promises of high interest rates on deposits.
The group was involved in illegal land and property grabbing, real estate development and extortion.
Officials are learnt to have examined financial documents, business records and other materials during the searches.
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