RG Kar scam: ED finds clues of proceeds invested in Bangladesh real estate and gold business

RG Kar scam: ED’s financial scam probe opens Pandora’s box of corruption and graft

The Enforcement Directorate (ED) is intensifying its investigation into financial irregularities at the state-run RG Kar Medical College & Hospital in Kolkata, with new leads pointing to the illegal investment of proceeds in Bangladesh’s real estate sector and gold smuggling operations.

According to sources, the ED has uncovered initial evidence suggesting that a portion of the misappropriated funds from RG Kar Medical College has been channeled into real estate investments in neighboring Bangladesh. This activity appears to have been facilitated through the hawala route.

Documents seized during the investigation have identified two Bangladesh-based businessmen with real estate interests, who were reportedly frequenting Kolkata and engaging with Sandip Ghosh, the former principal of R.G. Kar.

In a related development, last week, ED officials seized gold worth Rs.7 crore from the residence of Swapan Saha, a Kolkata-based businessman and close associate of Ghosh, located in Salt Lake. The seizure occurred after Saha was unable to provide a satisfactory explanation for the source of the gold or the funds used for its acquisition.

The gold is suspected to have been smuggled from Dubai via Bangladesh, prompting its confiscation by the ED.

Further investigation has revealed that several shell companies, linked to Ghosh’s associates, were instrumental in securing contracts for medical equipment and maintenance work for RG Kar. These findings are part of a broader probe into Ghosh’s assets, which appear disproportionate to his known income. The ED is scrutinizing multiple properties, including a twin flat in Kolkata and a high-end bungalow in the suburbs, valued at several crores of rupees.

The ED is currently reviewing bank accounts and property documents related to Ghosh and his family members to gather additional evidence. In addition to the ED’s efforts, the Central Bureau of Investigation (CBI) is conducting a parallel investigation into the financial irregularities at RG Kar Medical College.

As the investigation unfolds, authorities are working to unravel the full extent of the financial misconduct and ensure accountability.

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