Kolkata: Enforcement Directorate (ED) arrested Industrialist Sanjay Sureka of Concast Steel and Power Limited, following extensive raids in Kolkata and its adjoining areas.
ED had seized jewellery worth Rs 4.5 crore and several foreign-made luxury cars from Sureka’s Ballygunge residence after raiding 10 locations related to Sureka.
According to sources, Sureka was involved in money laundering of at least Rs. 6000 crores involving 16 banks of the country.
“Several accounts were seen in the name of employees of Sureka. Sureka secured loans through such multiple accounts and failed to repay them,” mentioned the ED sources.
The sources also mentioned that during interrogation Sureka failed to give satisfactory answers and produce valid documents of the valuables seized from his residence.
The central agency is furthering their investigations of trail of funds done by Sureka.
