ED raids multiple locations across Bengal in chit fund probe
Kolkata, July 9 (IANS) Enforcement Directorate (ED) officials on Thursday conducted searches at multiple locations across West Bengal as part of an ongoing investigation into an alleged chit fund-linked fraud involving cryptocurrency investments, stock market training schemes, and suspected money laundering.
One of the raids was carried out at the residence of Dilip Mallick, a former employee of Eastern Coalfields Limited (ECL), in Andal of West Burdwan district. Searches were also conducted at the house of Sourav Chatterjee in Howrah district and at premises linked to businessman Subhra Kanti Nag, also known as Babai Nag, in Nadia district. Central forces were deployed at the locations while the search operations were underway.
It was learnt that Dilip Mallick is a resident of Sripalli Subhashnagar Riksadangal area of Andal, where he lives with his family. According to sources, Dilip and his son Diganta Mallick have been accused of defrauding crores of rupees by investing in cryptocurrency.
It has been alleged that the father and son opened an office in Kolkata’s Fairlie Place to dupe people by urging them to invest in crypto. Accused Diganta allegedly raised crores of rupees by extensive social media promotions.
Central investigation agency sources said that they have links with a businessman in Dubai. It is also alleged that the money was laundered abroad. It is learnt that Diganta was arrested earlier too. Later, he got bail. Recently, the central investigation agency found traces of huge money transactions in Diganta’s bank account. After that, the officials raided his Andal house on Thursday morning.
The ED has raided the house of Sourav Chatterjee, a resident of Kuchil Sarkar Lane under Batra police station in Howrah. Allegedly, Sourav is associated with multiple chit fund companies and share market businesses.
Additionally, the ED is conducting searches at the house of businessman Subhra Kanti Nag alias Babai Nag of Kalinarayanpur in Nadia. It is alleged that Subhra Kanti opened a fake chit fund company in the name of stock market training and investment. There are allegations of embezzlement and fraud against his company named ‘Stock Gurukul’.
–IANS
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