ED Conducts Raids on Merlin Group Over Alleged Multi-Crore Fraud in Kolkata
দৈনিক স্টেটসম্যান | ১৭ এপ্রিল ২০২৬
The Enforcement Directorate (ED) has once again launched search operations against the real estate firm Merlin Group. On Friday morning, ED officials reached multiple locations across Salt Lake and Kolkata. Raids are currently underway at five locations, including CF Block, CK Block in Salt Lake, and Middleton Street.
The action is based on allegations of large-scale financial fraud. The company is accused of collecting crores of rupees from investors in the name of a real estate project. There are also serious allegations of forging documents related to the project. According to ED sources, the investigation is linked to irregularities in land transactions and financial dealings, which led to Friday’s renewed search operations.
Earlier in the day, multiple ED teams set out from CGO Complex, accompanied by central security forces. Sources indicate that the raids are part of an ongoing probe into a money laundering case.
It is worth noting that this is not the first such raids against the company. A few days ago, the ED conducted searches at the residence and office of the company’s chairman, Sushil Mohta. Raids were also carried out at the homes of several directors of the group. Previously, searches were conducted at seven locations across Kolkata, including Alipore, Prince Anwar Shah Road, and Salt Lake. Earlier, a chargesheet had also been filed against Sushil Mohta in connection with the primary education corruption case.