Kolkata. In a significant turn in the ongoing money‑laundering case, the Enforcement Directorate (ED) carried out coordinated search operations on Wednesday at roughly 17 premises linked to Amrit Group entities and their promoters across Kolkata and Indore, Madhya Pradesh. The raids are connected to a suspected investment‑related scam.
Background of the Investigation
The ED acted under the provisions of the Prevention of Money Laundering Act (PMLA), targeting multiple locations in both cities. The probe originated from complaints that a large number of investors were allegedly duped by the group.
Alleged Scheme: Promises of High Returns
According to the investigating agency, several Amrit Group companies and their directors are accused of gathering public funds through various deposit schemes, touting unusually high returns. Investigators claim that the promised payouts were never honoured, leaving investors at a loss.
The current raids form part of a broader effort to uncover financial irregularities and any associated money‑laundering activities. Officials have not disclosed specifics about the documents or other evidence seized during the searches.
Responses and Next Steps
As of now, neither Amrit Group nor its promoters have offered a comment on the ED’s actions. The agency continues to examine the seized material and will likely file further legal proceedings based on its findings.
