Daijiworld Media Network – Kolkata
Kolkata, Sep 16: The Enforcement Directorate (ED) on Wednesday conducted searches at multiple premises in Kolkata and Indore as part of a money laundering investigation linked to an alleged investment fraud involving numerous investors, officials said.
Around 17 premises linked to the Amrit group of companies and its promoters were searched under the provisions of the Prevention of Money Laundering Act (PMLA), they said.
According to the officials, the group and its directors allegedly collected money from the public through various deposit schemes by promising high returns. However, the promised returns were allegedly not repaid to investors.
The company and its promoters could not be contacted immediately for their comments on the ED action.