Insolvency and Bankruptcy Code 'misuse' case: ED conducts searches at several locations in Kolkata
India's Enforcement Directorate carried out raids at twelve sites in Kolkata as part of an investigation into alleged misuse of the Insolvency and Bankruptcy Code. The searches, conducted under the Prevention of Money Laundering Act, targeted premises suspected of facilitating financial irregularities linked to the code's provisions. Officials said the operation aimed to uncover evidence of wrongdoing.