West Bengal ED Raid: Rs 20 crore reached Goa office of I-PAC from Kolkata…; ED’s serious allegations against TMC

• ED’s serious allegations against Trinamool Govt
• Fund transfer from Kolkata to Goa through hawala network
• ED plea stirs excitement in Bengal politics

West Bengal ED Raid: Kolkata, the capital of West Bengal, is currently showing signs of heating up the political atmosphere. The Enforcement Directorate (ED) has leveled serious allegations against the Trinamool Congress in a petition filed in the Calcutta High Court. According to the ED’s plea, around ₹20 crore (approximately $200 million) from alleged coal smuggling in West Bengal was transferred from Kolkata to Goa through a complex hawala network. The money reached the Goa office of political consultancy firm Indian Political Action Committee (I-PAC), where it was used for political campaigns and program management during the 2021-22 Goa assembly elections. All these allegations are currently under investigation.

The ED claimed in the court that the money was transferred from one person to another in six different stages. Therefore, the clarity of these transactions is not visible. But the total illegal proceeds from coal smuggling were estimated at ₹2,742 crore (approx. $200 million), of which a portion, approximately ₹200 million (approx. $200 million), was invested in I-PAC’s Goa operations.

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A layer-by-layer investigation of the hawala network

Investigators have found a money chain with a former director of a New Delhi-based non-banking financial services (NBFC) company. This person contacted a person named “Munna” and arranged for the funds to be forwarded. The ED also alleged that Munna then contacted another member of the hawala network, through whom the money reached the manager of a Kolkata-based hawala firm.

This manager has admitted in his statement during interrogation that he had arranged for the cash to be delivered to Goa during 2021-22. Also, the cash was supposed to be delivered to an event management company employee, who then contacted the company’s director and his sister. Both these companies were handling programs and campaigns for I-PAC during the Goa Assembly elections. (West Bengal Politics)

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Goa Operations and Raids

Besides, “I-PAC co-founder and director Prateek Jain was monitoring the operations of the consultancy in Goa. Based on these findings, a total of 10 locations in New Delhi and Kolkata were raided on January 8. Jain’s residence on Loudon Street in central Kolkata was also raided,” the ED told the high court.

Money related to alleged smuggling of coal

In this case, the source of funds for smuggling coal was through Anup Maji. The accused stole coal from the premises of Eastern Coalfields Limited (ECL), illegally mined it. ECL is a central public sector undertaking operating in parts of West Bengal and Jharkhand. The stolen coal was sold to factories and plants in several districts including Bankura, Purva Vardhaman and Purulia. ED has also claimed that cash was collected from the factory owners.

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It is alleged that the members of the syndicate deposited the proceeds of smuggling in an office in Bhamuria area of ​​Asansol subdivision of West Vardhaman district. The entire case is currently under investigation and all related allegations are on the radar of the investigating agencies. Meanwhile, the case is currently pending in court. Investigative agencies have said that thorough investigation of all matters will continue, including money trail and whether these transactions have anything to do with political funds.