Merlin Group's Real Estate Controversy: ED's Intensifying Scrutiny
The Enforcement Directorate intensifies its money laundering probe into the Kolkata-based Merlin Group, targeting several linked entities. The investigation, focusing on alleged fabricated documents and land-grabbing, seeks to uncover financial links with West Bengal officials amid upcoming state elections.
- Country:
- India
The Enforcement Directorate (ED) intensified its ongoing money laundering investigation against Kolkata-based Merlin Group, focusing on several linked entities. Fresh raids on Friday targeted multiple locations in Kolkata and North 24 Parganas, following previous searches in April.
The investigation scrutinizes alleged misuse of forged documents to facilitate land-grabbing, potentially implicating the company in unlawful financial transactions. The ED is exploring possible connections between Merlin Group, including its promoters Sushil and Saket Mohta, and West Bengal officials.
Merlin Group has maintained cooperation with the authorities, asserting that its real estate projects, including Merlin Niyasa, were developed under valid and transparent agreements. The developments occur as West Bengal prepares for its two-phase state elections on April 23 and April 29.
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