ED Raids Odisha Head of Kolkata-Based Trading Firm Over Alleged Rs 70 Crore Fraud

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Udala: The Enforcement Directorate (ED) conducted a raid at the residence of Ishwar Bindhani on Wednesday, the Odisha head of a Kolkata-based trading company, in connection with allegations of financial fraud involving more than Rs 70 crore.

According to reports, the ED team raided Bindhani’s residence at Bishola village under Kaptipada in Odisha’s Mayurbhanj district on Wednesday morning.

A three-member ED team, accompanied by two bank officials and police personnel, reached the residence early in the morning and began conducting searches and examining documents in connection with the alleged financial irregularities.

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Bindhani, who reportedly heads the Odisha operations of a Kolkata-based trading company, has been accused of defrauding several people of more than Rs 70 crore.

The alleged victims are reportedly from different parts of Odisha, including Mayurbhanj, Cuttack, Bhubaneswar and Jagatsinghpur.

Also read: Odisha Doubles Financial Aid for Deceased Advocates’ Families

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