ED raids in Kolkata, Indore in investment ‘fraud’ linked PMLA case
The Enforcement Directorate has conducted raids across Kolkata and Indore targeting the Amrit group of companies. The investigation focuses on an alleged investment fraud involving deposit schemes that promised high returns but failed to pay investors.
Why it matters
This highlights ongoing regulatory crackdowns on financial fraud schemes in India that target retail investors.
The Enforcement Directorate on Wednesday (September 16, 2026) conducted searches at multiple premises in Kolkata and Indore in Madhya Pradesh as part of a money laundering probe linked to an alleged investment fraud case where numerous investors were cheated, officials said.
They said that about 17 premises in the two cities linked to the Amrit group of companies and its promoters were raided under the Prevention of Money Laundering Act (PMLA).
The said group of companies and its directors are alleged to have collected money from the general public under the guise of various deposit schemes with the promise of high return but did not repay the promised return, the officials said.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in