ED's Crackdown on Coal Mafia Unveils Underworld Money Web
The Enforcement Directorate's recent raids in West Bengal and Delhi target a money laundering operation connected to coal and sand trading. Significant cash seizures and document findings suggest intermediaries and organized crime networks. The ED continues probing undeclared proceeds of coal smuggling and possible hawala transactions.
- Country:
- India
The Enforcement Directorate (ED) intensified its crackdown on a suspected money laundering network linked to illegal coal and sand trading, conducting multiple raids across West Bengal and Delhi on Tuesday.
Reports from agency officials indicate that the operation led to the seizure of Rs 1.5 crore in unaccounted cash, believed to be proceeds from coal smuggling. The investigation also examines potential hawala links.
The ED's actions target a vast illicit coal supply network operating between Jharkhand and West Bengal, with evidence suggesting involvement of local authorities and intermediaries in financial transactions.
Advertisement
ALSO READ
-
Former Rajasthan MLA Arrested in Money Laundering Scandal
-
Former Rajasthan MLA Arrested in Money Laundering Scandal
-
Former Cop's Plea Rejected in High-Profile Money Laundering Case
-
Supreme Court to Address Critical Queries on Money Laundering Prosecutions
-
ED Cracks Down on Coal Mafia in West Bengal and Delhi
Google News