Tag: Sushil Mohta

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ED Investigates Financial Ties of Kolkata’s Merlin Group

KOLKATA | NEW DELHI: The Enforcement Directorate (ED) announced on Thursday that it is probing potential financial connections between a Kolkata real estate firm and several politicians and government officials in West Bengal as part of a money laundering investigation. Following raids at seven locations tied to the Merlin Group (Merlin Projects Limited) and its founders Sushil Mohta and Saket Mohta, investigators seized certain “incriminating” digital devices and documents. The company has stated it is fully cooperating with the investigation and maintains that all of its transactions are transparent. “Merlin Group is aware of the ongoing inquiry by the Enforcement…

Latest StoriesRegulatory

ED Raids Seven Properties Linked to Kolkata’s Merlin Group

KOLKATA | NEW DELHI: The Enforcement Directorate (ED) conducted searches at the premises of Kolkata-based real estate firm Merlin Group and its promoters on Wednesday as part of a money laundering inquiry, officials confirmed. Approximately seven locations connected to the company and its promoters, Sushil Mohta and Saket Mohta, were raided under the Prevention of Money Laundering Act (PMLA). A response from Merlin Group regarding the searches is still pending. The promoters and the company are under scrutiny by the federal agency for allegedly fabricating a “false” chain of title with “forged” documents, which has raised land grabbing allegations. This…