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Team Studycafe | May 14, 2022 | Views 43634

ED raids Abhijata Constructions Company in a Money Laundering Case

ED raids Abhijata Constructions Company in a Money Laundering Case

The Directorate of Enforcement (ED) conducted searches in connection with a money laundering investigation involving Abhijata Constructions Company Pvt Ltd and its Directors. The searches were carried out at the alleged company’s corporate premises as well as the homes of its directors, Abhijit Sen and Sujata Sen, in Kolkata.

The ED launched a money laundering investigation based on several FIRs filed by Kolkata Police against M/s Abhijata Construction Company Pvt. Ltd. and its directors under various sections of the IPC, 1860 in response to complaints from various buyers alleging non-delivery of homes by the company despite receiving full payments from the buyers, and the said company and its directors allegedly diverted such funds for some other purpose or for their personal gains.

During the course of the search, damning documents, as well as various technological devices, were recovered and seized.

More research is being conducted.

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