Kolkata Business Tycoon Arrested in Money Laundering Probe
Kolkata businessman Jay Kamdar, managing director of Sun Enterprise, has been remanded to eight days in ED custody for an alleged money laundering case linked to a criminal syndicate. His arrest follows searches conducted by the ED and is part of a larger investigation in the poll-bound state.
- Country:
- India
Kolkata-based businessman Jay Kamdar has been remanded to eight days in the custody of the Enforcement Directorate (ED), officials reported on Monday. The remand follows his arrest under the Prevention of Money Laundering Act (PMLA) on Sunday.
During the court hearing, the ED cited social media chats as evidence of suspected criminal proceeds, leading the special PMLA court to place Kamdar in ED custody until April 28. The court mandated that Kamdar undergo medical examinations every 48 hours during his detention period. He is set to appear before the court again on April 28.
The arrest came as the ED executed searches against Kamdar and Kolkata Police Deputy Commissioner Shantanu Sinha Biswas, in connection with a money laundering investigation associated with a criminal syndicate in the state's election milieu, officials noted.
(With inputs from agencies.)
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- Kolkata
- businessman
- Jay Kamdar
- ED
- custody
- money laundering
- PMLA
- Sun Enterprise
- social media
- crimes
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