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.

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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.

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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.