Kolkata, Punjab, Delhi and Mumbai: ED conducts raids in ‘high-profile’ chit fund scam probe

The Enforcement Directorate launched extensive raids across Kolkata, Punjab, Delhi, and Mumbai on Friday morning in connection with a chit fund scam. The case involves money laundering allegations where a chit fund company allegedly failed to repay investors and misappropriated funds.The Enforcement Directorate launched extensive raids across Kolkata, Punjab, Delhi, and Mumbai on Friday morning in connection with a chit fund scam. The case involves money laundering allegations where a chit fund company allegedly failed to repay investors and misappropriated funds.