The Enforcement Directorate (ED) carried out fresh raids at multiple locations connected to the Indian Political Action Committee (I-PAC) as part of its ongoing investigation into the alleged West Bengal coal smuggling case.
The searches were conducted simultaneously across major cities including Delhi, Bengaluru, and Hyderabad, indicating a coordinated nationwide operation.
Focus on Money Laundering and Hawala Links
According to officials, the raids are linked to suspected financial irregularities, including allegations of money laundering and hawala transactions. These developments are part of a broader probe into the coal smuggling network in West Bengal.
The ED has been actively investigating the case for months, with multiple rounds of searches and asset tracking already carried out in connection with the alleged scam.
Key Individuals Under Scanner
During the operation, premises associated with senior officials of I-PAC were also searched. Notably, the residence and offices linked to Rishi Raj Singh in Bengaluru came under the agency’s scanner.
Officials stated that several documents, digital records, and financial data are being examined to trace the flow of funds and identify possible violations under anti-money laundering laws.
Multi-City Operation Signals Expanding Probe
The simultaneous raids across three major cities highlight the expanding scope of the investigation. Authorities believe that the alleged coal smuggling case may involve a wider network with financial links spread across different regions.
The ED’s action suggests that investigators are focusing not only on the smuggling aspect but also on the financial trail connected to political consultancy and associated entities.
Ongoing Crackdown on Financial Crimes
This development comes amid increased enforcement activity by the ED in cases involving economic offences and political funding. The agency has intensified its crackdown on illegal financial transactions, including those involving shell companies and cross-border fund transfers.
The investigation is ongoing, and further action is expected based on the findings from these latest searches.
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