Kolkata: The Enforcement Directorate conducted a high-profile raid at the central Kolkata residence of arrested businessman Jay S Kamdar, resulting in the seizure of gold bullion valued at nearly 4 crore rupees. During the extensive operation at the Marquis Street property on Friday, federal investigators also recovered a highly confidential ledger containing records of unexplained financial transactions. Intelligence officials revealed on Sunday that Kamdar is a suspected close associate of high-ranking police officer Santanu Sinha Biswas, who is currently under custody facing multiple corruption charges.
The targeted search forms a critical component of the federal agency’s expanding investigation into the complex financial network surrounding the high-profile case. Investigators are actively verifying whether the massive cache of seized gold was acquired using illicit funds directly linked to the arrested law enforcement official. The recovery of the ledger is expected to provide fresh leads regarding the movement of unaccounted capital across various corporate and real estate sectors in West Bengal.
Following the initial arrest of the police officer, specialized federal teams launched synchronized searches at multiple properties connected to his immediate relatives, professional colleagues, and private business partners. The officer is currently facing severe allegations of institutional misconduct, including major land fraud schemes and widespread financial irregularities within the police department’s internal transfer and posting mechanisms. The agency has significantly tightened its monitoring apparatus around several prominent regional traders as digital forensics experts begin decoding the data from the newly seized electronic devices and documents.
