The Enforcement Directorate has attached assets worth ₹302.89 crore across three separate money laundering investigations, with the largest seizure linked to alleged financial irregularities involving the Andaman & Nicobar State Co-operative Bank Limited. The agency confirmed the developments through official statements issued from Kolkata on February 13.
According to the agency, the biggest attachment totals ₹200.02 crore in connection with the ANSCBL fraud probe. The attached assets reportedly include hotels, resorts and land parcels located in the Andaman & Nicobar Islands. Officials stated that this action secures a substantial portion of the proceeds of crime identified so far in the case.
The second-largest attachment, valued at ₹100.44 crore, relates to alleged illegal coal mining and pilferage in leasehold areas operated by Eastern Coalfields Limited, a subsidiary of Coal India Limited. Investigators said earlier searches conducted on January 8, 2026, at multiple premises in Kolkata and Delhi yielded evidence linking suspected proceeds of crime to the properties now attached. With the latest action, total attachments in this coal-related investigation have reached ₹322.71 crore.
In a third case, the ED’s Kolkata regional office provisionally attached immovable property valued at ₹2.43 crore under the Prevention of Money Laundering Act. The attachment follows a prosecution complaint involving PKS Limited and its directors, including Swapan Kumar Saha. Earlier in this matter, the agency seized valuables and froze bank accounts worth ₹27.88 crore.
Among the three probes, the coal smuggling investigation in West Bengal remains the most high-profile. The case recently drew public attention following search operations at the office of Indian Political Action Committee and the residence of its co-founder Pratik Jain. During those operations, West Bengal Chief Minister Mamata Banerjee visited the locations accompanied by senior officials and later left with documents. The matter is currently under consideration by the Supreme Court of India.
Separately, ED Director Rahul Navin visited Kolkata last month to review progress in several ongoing financial irregularity investigations, including the coal smuggling case.
The enforcement agency maintains that the attachments are part of efforts to trace and secure assets linked to suspected proceeds of crime while investigations continue under relevant legal provisions.
