ED raids in Kolkata, Indore in investment ‘fraud’ linked PMLA case
India's Enforcement Directorate conducted raids in Kolkata and Indore as part of a probe into an alleged investment fraud tied to a Prevention of Money Laundering Act case. Authorities claim the Amrit group of companies and its directors solicited funds from the public through various deposit schemes, promising high returns that were not delivered. The investigation focuses on potential misappropriation of the collected money.