ED raids multiple locations in Kolkata in Rs 290 crore bank loan fraud case against Kohinoor Power

The Enforcement Directorate conducted searches across multiple Kolkata locations on Thursday. This action is part of a money laundering investigation into an alleged Rs 290 crore bank loan fraud. The probe targets Kohinoor Power, accused of siphoning off loans meant for a power plant. The company faced liquidation at NCLT, recovering only Rs 7 crore for creditors. Searches covered eleven premises belonging to promoters, directors, and auditors.