ED searches 3 businessmen's properties in Kolkata

The Enforcement Directorate (ED) on Thursday launched search operations here at the properties of three businessmen in connection with a money laundering probe, an official said.

"Our officers have been conducting search operations at four locations in the city including the residences and other properties of the three businessmen -- Jagjit Singh, Ajmol Siddique and Vishnu Mundra," the ED official said.

The agency has been investigating the case for the last few months.

Initial investigations suggested that the accused were involved in converting crores of black money into white through shell companies, the official said.

Singh, who also owns a bar, has also been accused of running a trafficking racket.

--IANS

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