Breaking: ED Seizes Over ₹14 Crore Cash, Gold in Massive Raids Linked to Coal Scam

The Enforcement Directorate has carried out one of its largest operations in the ongoing coal scam probe, recovering more than ₹14 crore in cash along with large quantities of gold and jewellery. The action unfolded on Friday as ED teams conducted simultaneous raids at 44 locations across West Bengal and Jharkhand under the Prevention of Money Laundering Act (PMLA). According to officials, the raids targeted individuals and entities suspected of involvement in an extensive coal syndicate operating in the region. During the searches, investigators seized stacks of currency, gold ornaments, and several important documents believed to reveal financial trails of illegal coal operations. Among the materials recovered were property papers, land purchase agreements, digital devices, company ledgers, and transaction records, all of which are being linked to money laundering activities associated with the alleged coal network. Sources suggest these documents may expose benami ownership patterns and the movement of illicit funds. The ED is now analysing the seized data to identify beneficiaries, financial conduits, and collaborators who may have helped channel proceeds from the illegal coal trade. Officials describe the operation as a significant step toward uncovering the full structure of the coal syndicate and tightening the investigation further.

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