📷 Image: Wikimedia Commons / শরদিন্দু ভট্টাচার্য্য
Crime
ED Seizes Assets Worth Rs 301.5 Cr Linked to 21 Shell Companies
✍️ Amar Ujala · Maharashtra
🗓 11 Nov 2026, 05:02 PM
👁 18
The Enforcement Directorate disclosed that a loan of Rs 301.50 crore had been extended to 21 shell firms and seized a plot, a hotel, two cruise ships and three bank accounts in a money‑laundering probe.
The Enforcement Directorate (ED) has revealed that a loan of Rs 301.50 crore was provided to a network of 21 shell companies, prompting a large‑scale asset seizure. Investigators identified the entities as part of a suspected money‑laundering operation and moved to confiscate properties linked to the illicit financing.
As part of the crackdown, ED officials seized a residential plot, a commercial hotel, two passenger cruise vessels and three bank accounts that were allegedly used to channel the funds. The assets are now under forensic examination to trace the flow of money and identify the ultimate beneficiaries.
The agency has not disclosed the names of the individuals or firms behind the shell companies, but it confirmed that the investigation is ongoing and that further legal action may follow based on the evidence gathered.
The seizure underscores the ED's intensified focus on financial crimes involving large‑scale loans and complex corporate structures, especially in the wake of heightened scrutiny over money‑laundering activities across the country.
As part of the crackdown, ED officials seized a residential plot, a commercial hotel, two passenger cruise vessels and three bank accounts that were allegedly used to channel the funds. The assets are now under forensic examination to trace the flow of money and identify the ultimate beneficiaries.
The agency has not disclosed the names of the individuals or firms behind the shell companies, but it confirmed that the investigation is ongoing and that further legal action may follow based on the evidence gathered.
The seizure underscores the ED's intensified focus on financial crimes involving large‑scale loans and complex corporate structures, especially in the wake of heightened scrutiny over money‑laundering activities across the country.