ED arrests TMC Leader KD Singh in Money Laundering Case (pc: social media)
New Delhi: Due to the election of the Legislative Assembly in West Bengal, political stirring is increasing day by day. On Wednesday, the Enforcement Directorate (ED) took major action against Trinamool Congress leader KD Singh in a case related to money laundering.
ED has arrested KD Singh in a case related to money laundering. Singh’s company Alchemist Infra Reality Limited is accused of cheating people for about Rs 1900 crore.
TMC Leader under arrest:
The political stir in West Bengal continues before the assembly elections. Let me tell you that KD Singh has also been a Member of Rajya Sabha. The Enforcement Directorate had been eyeing him for a long time. ED filed a case in 2016 on KD Singh’s company Alchemist Infra Reality Limited.
This case was registered under PMLA. It was alleged that this company defrauded people of around Rs 1900 crore. A case was filed by SEBI against the company, its directors and share holders.
KD Singh’s property was also seized earlier by the Enforcement Directorate. KD Singh’s assets worth about Rs 239 crore were seized, including resorts, showrooms and bank accounts. The ED has also raided KD Singh’s hideouts earlier.
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