Law & Justice

Enforcement Directorate Conducts Raids in Kolkata and Indore in Investment Fraud Investigation

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Enforcement Directorate Conducts Raids in Kolkata and Indore in Investment Fraud Investigation
Photo: Officials said that about 17 premises in the two cities linked to the Amrit group of companies and its promoters were raided under the Prevention of Money Laundering Act (PMLA). File. | Photo Credit: Reuters

On Wednesday, September 16, 2026, the Enforcement Directorate carried out searches at several locations in Kolkata and Indore, Madhya Pradesh. These actions are part of a money laundering investigation connected to an alleged investment fraud case that reportedly defrauded numerous investors. Officials confirmed that approximately 17 premises across the two cities, associated with the Amrit group of companies and its promoters, were raided under the Prevention of Money Laundering Act (PMLA). The Amrit group of companies and its directors are accused of collecting funds from the public through various deposit schemes, promising high returns that were not subsequently delivered.

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