The Enforcement Directorate conducted searches at eight premises in West Bengal on Friday over alleged misuse of insolvency proceedings.
Why Did the ED Conduct the Searches?
The Enforcement Directorate (ED) carried out searches at multiple locations in West Bengal on October 30, 2026, as part of a money laundering investigation concerning alleged irregularities in insolvency proceedings.
According to officials, the investigation involves Kohinoor Power, lender banks and several other parties. The searches were conducted under the Prevention of Money Laundering Act (PMLA), which provides the legal framework for investigating suspected money laundering activities.
The central…