Kolkata, 20 April (H.S.): The Enforcement Directorate (ED) has made startling claims following the arrest of Kolkata businessman Joy S. Kamdar in connection with an illegal financial transaction case. On Monday, the agency presented evidence in Bankshal Court, revealing that Kamdar was allegedly involved in suspicious transactions worth approximately ₹1,100 crore. The ED has sought his custody for further questioning.
According to the investigating agency, Kamdar's company, Sun Enterprise, was used to facilitate several crore rupees worth of dubious transactions. Officials stated that an examination of seized digital devices had uncovered signs of financial activity through several alleged shell companies.
The ED informed the court that an amount of ₹40 crore had been transferred from the bank account of the Kolkata Gujarati Education Society to an alleged shell company linked to Kamdar. Additionally, an investigation into Kamdar's various bank accounts revealed transactions totaling ₹1,100 crore, with a significant ₹500 crore deposited in cash in the past four months alone.
The agency also revealed that about 25 suspicious companies were found to be linked to Kamdar, which were allegedly used for conducting illicit financial dealings. During the investigation, the agency claimed to have discovered connections between Kamdar and notorious South Kolkata criminal, Sona Pappu. According to the ED, Kamdar’s company had purchased a firearm and ammunition under the name of Pappu’s wife.
Furthermore, the ED mentioned a financial transaction of approximately ₹1.5 crore between a company named Supreme Credit Corporation Limited, where Kamdar is reportedly listed as a director, and SP Construction, a company associated with Sona Pappu.
The investigators also found evidence of financial dealings between Kamdar’s entities and a company named Heaven Valley, which is registered under the name of Sona Pappu's wife. However, Pappu’s wife, Soma Poddar, denied any knowledge of these transactions.
In court, the ED’s lawyer presented the case, stating that substantial evidence had been uncovered during the investigation and that Kamdar’s connections with other suspicious individuals were still under scrutiny. The agency has called for further investigation into these links to uncover the full extent of the alleged illicit financial activities.
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Hindusthan Samachar / Priyanka Pandey
