In a major development, the Enforcement Directorate (ED) has seized assets
worth Rs 2.74 crore belonging to a prominent business family in Kolkata as
part of the ongoing investigation into the Panama Papers scandal.
Simultaneously, the ED conducted raids at another location in Bengaluru
linked to the case. The Panama Papers leak, which came to light in 2016,
exposed the involvement of numerous individuals and entities in offshore
tax evasion and money laundering. The ED’s actions indicate a significant
step forward in holding those implicated accountable. The seized assets
include properties and other valuables, which will be thoroughly
scrutinized to establish their connection with the alleged illegal
activities.
worth Rs 2.74 crore belonging to a prominent business family in Kolkata as
part of the ongoing investigation into the Panama Papers scandal.
Simultaneously, the ED conducted raids at another location in Bengaluru
linked to the case. The Panama Papers leak, which came to light in 2016,
exposed the involvement of numerous individuals and entities in offshore
tax evasion and money laundering. The ED’s actions indicate a significant
step forward in holding those implicated accountable. The seized assets
include properties and other valuables, which will be thoroughly
scrutinized to establish their connection with the alleged illegal
activities.
