ED raids Odisha and Bengal in ₹120 crore investment fraud case
The Enforcement Directorate conducted raids on November 4, 2026, in Odisha and West Bengal investigating a ₹120 crore money laundering case linked to Kalpana Financial Services. The firm allegedly promised fixed monthly returns of 3.5-7% from share market investments. The probe follows an FIR by Odisha Police's Economic Offences Wing. Ten premises, including that of director Amit Mandal, were searched under the Prevention of Money Laundering Act.
The Hindu·




