Political Consultancy Firm I-PAC Under ED's Scrutiny in Financial Irregularities Probe

A representative of Rishi Raj Singh, a director at political consultancy firm I-PAC, appeared before the Enforcement Directorate (ED) in Delhi to assist in a financial investigation. The visit follows raids where electronic devices were seized from I-PAC, a company offering its consultancy services to major political entities.

Founded in 2015, I-PAC consults for political parties, including those in West Bengal and Tamil Nadu. The ED's investigation stems from a Delhi Police FIR citing allegations of account falsification and unaccounted funds handled by I-PAC's directors, including recent arrests such as that of director Vinesh Chandel.

The ED claims financial irregularities at I-PAC involve money laundering activities amounting to Rs 50 crore. The investigation sheds light on the coal scam case and has prompted political reactions, evidenced by West Bengal Chief Minister Mamata Banerjee's intervention during ED raids.