Kolkata, February 14: The Enforcement Directorate (ED) announced on Friday that it has seized assets worth ₹302.89 crore in three separate money laundering cases.
According to a press statement from the ED, the largest attachment—valued at ₹200.02 crore—relates to the Andaman and Nicobar State Cooperative Bank Limited (ANSCBL) fraud case, which involves alleged financial irregularities.
The official statement noted, “The attached properties include hotels, resorts, and parcels of land located in the Andaman and Nicobar Islands. With this attachment, the ED has secured a significant portion of the proceeds from the crimes identified in the ANSCBL fraud.”
The second-largest attachment, worth ₹100.44 crore, is linked to large-scale illegal coal mining and theft associated with Eastern Coalfields Limited (ECL), a subsidiary of Coal India Limited (CIL).
Another statement revealed, “Previously, on January 8, 2026, the ED conducted searches at ten locations in Kolkata and Delhi. Evidence seized during these searches has helped connect the proceeds of crime to the attached properties. The total value of attached properties in this case now stands at ₹322.71 crore.”
In the third case, the ED’s Kolkata regional office provisionally attached ₹2.43 crore in real estate under the Prevention of Money Laundering Act (PMLA) based on a prosecution complaint against PKS Limited and its directors, including Swapn Kumar Saha.
Earlier, the ED had seized valuables worth ₹27.88 crore and frozen bank accounts related to this case. Among the three cases, the investigation into coal smuggling in West Bengal remains the most high-profile.
Last month, a controversy arose when the ED conducted simultaneous search operations at the office of the Indian Political Action Committee (I-PAC) in Salt Lake, Kolkata, and at the residence of I-PAC co-founder Pratik Jain on Loudon Street in central Kolkata.
During the operation, West Bengal Chief Minister Mamata Banerjee, along with senior bureaucrats and police officials, visited both locations and later left with documents and electronic records. The case is currently under review in the Supreme Court.
Last month, ED Director Rahul Naveen also visited Kolkata to review the progress of several high-profile financial irregularity investigations in the state, including the coal smuggling probe.
My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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