Money laundering investigation expands to nine locations across West Bengal and Odisha

The latest raid operation follows earlier searches by the Central Bureau of Investigation (CBI) in the same Kolkata localities. This time, the ED is examining the source of the alleged money‑laundering network, which is believed to have moved funds from Odisha to West Bengal using multiple channels. Officials say the suspect company manipulated stock valuations and trade receivables to obtain the loan, then concealed the trail through layered transactions.