Now Reading: ED searches four Bengal sites in ₹280-crore Kohinoor Power fraud probe
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ED searches four Bengal sites in ₹280-crore Kohinoor Power fraud probe
The Story in Brief
The Enforcement Directorate on Friday, 30 October 2026 searched four locations in West Bengal in an alleged ₹280-crore bank fraud involving Kohinoor Power Private Limited (KPPL). The searches covered Kolkata, Uttarpara, Asansol and Howrah, targeting chartered accountants Ashok Sarathi and Sudipto Ghosh. The ED said the loan obtained for a 66 MW power plant in Jharkhand was diverted through shell companies.
The Hindu reports that eight premises were raided under PMLA in a money-laundering probe focused on suspected misuse of National Company Law Tribunal proceedings. Premises of directors, auditors and resolution professionals were searched. The case originated from a Serious Fraud Investigation Office complaint. The ED is examining digital records and bank accounts to trace fund movement. Ghosh has denied any connection with the alleged fraud.
Indian Opinion Analysis
Yes Punjab News leads with the ED's ₹280-crore Kohinoor Power Bank fraud searches, detailing the locations, names of chartered accountants searched, and the SFIO complaint. The Hindu frames the same event as a money-laundering probe into ‘misuse of insolvency proceedings’, specifying eight premises raided and directors, auditors, and resolution professionals as targets. The difference is one of focus: Yes Punjab News emphasises the fraud allegations and loan diversion, while The Hindu foregrounds the insolvency-procedure misuse angle. Times Now’s report is about an entirely different ED investigation into a ₹900-crore Goa casino deal and Dubai-linked betting scam, it contains no facts about Kohinoor Power and cannot be used for this story. The balanced reading holds that the ED’s West Bengal action has two reported prongs, bank fraud and insolvency abuse, with no source disputing the other’s version. The next official step is investigation under PMLA, with no court date named.
Coverage: 3 sources, 3 neutral
Sources (3): yespunjab.com (neutral report), thehindu.com (neutral report), timesnownews.com (neutral report)
This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Methodology and corrections.
