Background of the Operation

Kolkata. In a sweeping move related to a high‑profile money‑laundering investigation, the Enforcement Directorate (ED) carried out coordinated searches on Wednesday at roughly 17 locations associated with Amrit Group’s companies and their promoters in Kolkata and Indore, Madhya Pradesh.

The raids were executed under the Prevention of Money Laundering Act (PMLA) after allegations surfaced that a large number of investors had been duped by the group.

Alleged Scheme Promising Exorbitant Returns

According to the investigating agency, the Amrit Group and its directors allegedly amassed public funds through a series of deposit schemes, enticing participants with promises of unusually high returns. The agency claims that the promised payouts were never honoured, leaving investors financially harmed.

Investigative Actions and Findings

The ED’s operation forms part of a broader probe into suspected financial irregularities and the money‑laundering dimensions of the case. While officials have confirmed that documents and other evidentiary material were seized, detailed specifics of the recovered items have not been disclosed.

Response from the Accused

As of now, neither Amrit Group nor its promoters have issued a public statement addressing the ED’s raids or the underlying accusations.

"The agency is committed to uncovering any misuse of public money and will pursue all leads," an ED spokesperson said.