ED arrests former Trinamool Congress MP KD Singh in Alchemist Group money

WHAT?

The Enforcement Directorate (ED) has arrested former Trinamool Congress leader and Rajya Sabha MP KD Singh in a money laundering case on Wednesday.

HOW?

The former parliamentarian, according to sources, was placed under arrest by the financial probe agency after he failed to explain certain transactions pertaining to the money laundering case in which he is allegedly involved.

In September 2019, the Enforcement Directorate had carried out searches at the premises linked to KD Singh in New Delhi and Chandigarh. The searches were in connection with the 14 companies of Alchemist Group related to and controlled by Karan Deep Singh.

During searches, according to ED, a number of documents reflecting the circular nature of transactions, digital evidence, and property documents were seized. Search at the official residence of KD Singh in Delhi resulted in the recovery of cash of Rs 32 lakhs along with foreign exchange worth $10,000.