ED, Kolkata Zonal Office has conducted a search operation at 15 premises on 31.07.2026 in and around Kolkata (including one premises in Gurugram) in ECIR/KLZO-II/19/2026 in the case of Sabyasachi Dutta & Others based on the charges of extortion against him. During searches proceedings, various incriminating documents (including ledgers, digital devices etc.) related to utilization of Proceeds of Crime generated from extortion and other illegal activities in the form of various investments in movable and immovable properties done by Sabyasachi Dutta and his associates via routing of funds through a network of shell were seized. During the search proceedings, approximately 150 bank/ demat accounts having a balance of minimum of Rs. 13.9 Crore (as on 09.08.2026) related to Sabyasachi Dutta and his associates were frozen, cash worth Rs. 40.50 Lakh and foreign currency worth USD 17,200/- were also seized. Further investigation is under progress.
ED conducts search operation in the case of Sabyasachi Dutta & Others
Directorate of Enforcement (ED) Kolkata Zonal Office has conducted a search operations at 15 premises on 31.07.2026 in and around Kolkata (including one premises in Gurugram) in the case of Sabyasachi Dutta & others based on the charges of extortion against him. The premises covered during search action included residence of Sabysachi Dutta, Ex-MLA, TMC; office premises of entities associated with him; office and residential premises of the persons associated with him and his companies.
During the course of search proceedings, various incriminating documents (including ledgers, digital devices etc.) related to utilization of Proceeds of Crime generated from extortion and other illegal activities in the form of various investments in movable and immovable properties done by Sabyasachi Dutta and his associates via routing of funds through a network of shell entities including Precision Buildcom Pvt Ltd, Softline Media Network Pvt Ltd and Avam Realty Private Limited were seized. During the search proceedings, approximately 150 bank/ demat accounts having a balance of minimum of Rs. 13.9 Crore (as on 09.08.2026) related to Sabyasachi Dutta and his associates were frozen, cash worth Rs. 40.50 Lakh and foreign currency worth USD 17,200/- were also seized.
ED initiated an investigation under PMLA, 2002 in the case of Sabyasachi Dutta & others by recording an ECIR dated 23.06.2026 based on an FIR registered by Bidhannagar Police Station (North) alleging that Sabyasachi Dutta, Ex-Mayor, Bidhannagar Municipal Corporation and his associates ran an extortion racket by misusing his political influence. Through intimidation, assault, and criminal conspiracy, the group extorted funds from local businessmen, converting a portion of these proceeds into assets like gold, FDs, Mutual Funds, immovable properties etc
Further investigation is under progress.
Radhika Goyal is Author of Taxconcept Gurugram head office, for deeply reported tax, gst and income tax articles on issues that matter. He splits her time between New Delhi and Bengaluru, and has worked as a reporter, a podcaster and an editor for publications across India.