ED unearths Sun Enterprise MD Jay Kamdar's hawala network, his close ties with Bengal police
Kolkata, April 20 -- The Enforcement Directorate (ED) investigation against the arrested Sun Enterprise Managing Director Jay S Kamdar revealed his involvement in extensive illegal international cross-border and domestic Hawala transactions through many shell companies.
The federal agency said these companies are under further investigation.
Kamdar, who was arrested by ED's Kolkata unit on April 19 under Prevention of Money Laundering Act (PMLA), 2002 in connection with a money laundering investigation relating history-sheeter Biswajit Podder alias Sona Pappu and others, has been revealed to be in close contact with many police officials including Kolkaya Deputy Commissioner of Police Santanu Sinha Biswas and providing favours and expen...
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