Digital Desk: The Enforcement Directorate (ED) conducted three raids in different parts of West Bengal on Thursday over Rs 6,000 crore bank fraud case. The three places include Kolkata and Howrah of West Bengal. The raid was part of an ongoing investigation into the case of alleged 6,000 crore bank fraud which involved around 16 banks in the country.
Investigating agency ED raided the residence and office of a businessman named Dipak Jain on Thursday and recovered multiple files.
Commenting on the investigation, an ED officer said, "While investigating the matter we came across several shell companies and agencies which were allegedly involved in the crime. This person is the director of one such agency and we are conducting searches to find the links to
the fraud and how money was siphoned off."
Owner of Concast Steel and Power Ltd and industrialist Sanjay Sureka was taken into custody by ED in December last year. ED seized jewelry worth crores and several foreign cars from his possession while conducting raids at 10 locations including his residence.
According to reports, Sureka secured loans of Rs. 6,000 crore from multiple bank accounts but did not repay the loans. During the investigation by the ED, he could not provide adequate answers and valid documents for his expensive valuables.
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