ED seizes ₹2.20 crore cash, 150 gift deeds during raids on Jharkhand coal traders
Ranchi, Nov 22: The Enforcement Directorate (ED) has seized a total of ₹2.20 crore in cash and 150 gift deeds from…
Ranchi, Nov 22: The Enforcement Directorate (ED) has seized a total of ₹2.20 crore in cash and 150 gift deeds from the premises of coal traders. A large number of land transfers were reportedly executed through these gift deeds, raising suspicion over the method of transfer.
During the raid, Lal Babu Singh allegedly unleashed a dog to obstruct ED officials and prevented them from entering his residence for nearly two hours. In that time, he is believed to have destroyed all digital evidence. This act is being viewed as a serious offence.
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Notably, on November 21, the Jharkhand unit of the ED conducted searches at 18 locations linked to coal traders in Dhanbad and Dumka. The raids targeted individuals associated with Lal Babu Singh, Anil Goyal, and Sanjay Khemka, along with Amar Mandal.
During the operation, officials recovered ₹94 lakh from the premises of Ganesh Agarwal and ₹20 lakh from the residence of Hemant Gupta. As both individuals failed to produce satisfactory documentation explaining the source of the cash, the ED confiscated the amount. Ganesh Agarwal and Hemant Gupta are identified as associates of coal businessman Anil Goyal.
From Dumka, the ED seized ₹80 lakh from the premises of Amar Mandal and approximately ₹26 lakh from the residence of Ankit Khemka. Ankit Khemka has also been identified as a business associate of Anil Goyal.
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Additionally, the 150 gift deeds recovered from Amar Mandal’s Dumka residence indicate widespread land transactions carried out through this method, which authorities are now treating with suspicion.
