ED raids elite Lake market residence in connection with lottery scam

The Enforcement Directorate (ED) has launched an intensive operation in Kolkata to investigate a major lottery scam involving allegations of corruption, financial fraud, and money laundering. Acting on complaints of irregularities in lottery transactions, ED officials initiated searches early this morning at various locations across Kolkata and its suburbs, targeting entities and individuals suspected of laundering money through fraudulent lottery ticket schemes.

The ED team conducted significant raids at a lottery ticket printing facility located in Michael Nagar, an area close to Kolkata’s airport. This facility is believed to be a central hub for the printing of lottery tickets that are allegedly part of the financial fraud network. Officials are examining records and seizing documents to uncover the extent of financial misconduct and to trace any connections with influential individuals linked to the scam.

In addition to the Michael Nagar raid, ED officials targeted an elite multi-storey residential complex at 26 Kavi Bharti Sarani near Lake Market in South Kolkata. The ED suspects that some high-profile individuals involved in the lottery scam may have used luxury properties to conceal evidence and transactions related to the money laundering operations.

Sources indicate that the investigation is focused on identifying those who manipulated the lottery system to siphon off funds and accumulate large sums through illegal means.