ED raids 10 sites in Odisha, Bengal in ₹120 crore fraud case
Kalpana Financial Services allegedly promised investors fixed monthly returns of 3.5% to 7% from share trading
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The Enforcement Directorate searched 10 premises in Odisha and West Bengal on Wednesday in a money-laundering case over an alleged investment fraud.
The scheme, run as Kalpana Financial Services, allegedly collected about ₹120 crore by promising fixed monthly returns of 3.5% to 7%.
The case stems from an FIR by the Odisha Police's Economic Offences Wing, which earlier arrested two people.