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ED raids Salt Lake businessmen’s home over multi-bank fraud, seizes documents and digital evidence

  • ED raids Salt Lake residence of businessmen Gopal Kedia and Binod Kedia over multi-bank fraud investigation
  • Authorities seize key documents and digital devices to examine financial transactions linked to alleged loan misappropriation
  • Preliminary inquiry shows large loans obtained from multiple banks and investigation continues to trace fund utilization patterns

26 Aug 2025

ED raids Salt Lake businessmen’s home over multi-bank fraud, seizes documents and digital evidence

The Enforcement Directorate (ED) conducted a raid on Tuesday morning at the residence of businessmen Gopal Kedia and Binod Kedia in Salt Lake, Kolkata. The search took place at House No. 79, Block B/D, with a special ED team examining documents and financial records related to an ongoing multi-bank fraud case.

During the operation, ED officials seized several important documents and digital devices, which are now being analyzed as part of the investigation. Authorities are reviewing property ownership papers, bank records, and other financial documents to establish connections with alleged fraudulent transactions.

Preliminary findings indicate that large loans were obtained from multiple banks. ED officials are investigating whether the funds were transferred, invested, or used elsewhere. Officials stated that the information collected during the raid will be crucial in tracing the network involved in the fraud and identifying all parties connected to the case.

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ED raids Salt Lake businessmen’s home over multi-bank fraud,
ED raids Salt Lake residence of businessmen Gopal Kedia and Binod Kedia over multi-bank fraud investigation





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