Former TMC MP KD Singh arrested in Alchemist chit-fund scam
Synopsis
Former TMC Rajya Sabha MP KD Singh has been arrested by Enforcement Directorate (ED) on Wednesday (January 13) in connection with a money laundering case. He has been sent to judicial custody till January 16.
Former TMC Rajya Sabha MP KD Singh has been arrested by Enforcement Directorate (ED) on Wednesday (January 13) in connection with a money laundering case. He has been sent to judicial custody till January 16.
KD Singh has been summoned several times by the ED in connection with the Alchemist chit-fund case.
Also read: Saumitra Khan reveals the name of BJP’s CM candidate in Bengal
He has been accused of laundering Rs 200 crore from thousands of people in the name of chit-fund. He has been arrested under sections of the Prevention of Money Laundering Act (PMLA).
In 2019, the ED has seized cash amounts of Rs 32 lakh and USD 10,000 after it raided the TMC MP’s office in Delhi.
According to reports, the Trinamool Congress has been maintaining distance with KD Singh after his business ran into problems. His stay at the Rajya Sabha was also not extended, as a result.
Also read: TMC leader Bratya Basu mocks BJP after it talks about Swami Vivekananda’s ideals
TMC spokesperson Kunal Ghosh said, “KD Singh should have been arrested earlier.” KD Singh’s name had appeared during the Narada case as well.
The Alchemist chit-fund scam is stated to be about Rs 1,900 crore and the agency had attached assets worth Rs 239 crore of Alchemist Infra Realty Ltd early this year.
Stay updated with the Breaking News Today and Latest News from across India and around the world. Get real-time updates, in-depth analysis, and comprehensive coverage of India News, World News, Indian Defence News, Kerala News, and Karnataka News. From politics to current affairs, follow every major story as it unfolds. Get real-time updates from IMD on major cities weather forecasts, including Rain alerts, Cyclone warnings, and temperature trends. Download the Asianet News Official App from the Android Play Store and iPhone App Store for accurate and timely news updates anytime, anywhere.