Officials from the Enforcement Directorate are conducting searches in several places in West Bengal as part of an investigation into a Rs 6,000 crore fraud case.

In Kolkata, the Enforcement Directorate was busy conducting raids and search operations on Thursday. The purpose of these actions was to investigate bank loan forgery cases that amounted to a staggering Rs 6,000 crore. According to sources familiar with the matter, the ED officials had been conducting these raids since morning at two different locations in and around Kolkata. These locations were the residences of a local businessman, Deepak Jain, located in Behala and Shibpur respectively.

To ensure the safety and smooth execution of the operations, each team of ED officials was accompanied by Central Armed Police Forces personnel. This was a continuation of similar raids that took place in December 2024 at the residence of a Kolkata-based businessman in the posh area of Ballygunge. The previous raid had resulted in the seizure of cash worth Rs 2 crore, jewellery worth Rs 4.5 crore, and two luxurious vehicles. The businessman, Sanjay Surekha, who owned Comcast Steel and Power Limited, had also been arrested by the ED officials.

The main allegation against Surekha was that he had taken loans worth Rs 6,000 crore from a consortium of commercial banks through multiple accounts, but failed to repay them. The ED officials were currently trying to track the money trail to understand how the loan was misused. It was also alleged that the bank accounts registered in the names of employees and business associates of Surekha's company were used to secure the loans. Moreover, Surekha was unable to provide details about the source of the cash recovered from his residence, as well as the funds used to purchase expensive jewellery and imported luxury cars.

The raids and search operations were a crucial step in uncovering the truth behind the bank loan forgery cases. The ED officials were determined to get to the bottom of this multi-crore scam and hold those responsible accountable for their actions. It was a challenging task, but the officials were determined to follow the money trail and gather enough evidence to bring the guilty parties to justice. As they continued their investigations, the people of Kolkata could only hope that the truth would prevail and justice would be served.

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