New Delhi, Aug. 1 -- The Enforcement Directorate (ANI) on Friday conducted searches at four locations in Odisha and West Bengal in connection with an investigation into a fake bank guarantee racket.

The ED conducted raids at three locations in Bhubaneswar (Odisha), and one in Kolkata (West Bengal), as part of a money laundering investigation. The action is based on an Enforcement Case Information Report (ECIR) registered by the ED, following a case filed by the Economic Offences Wing of the Delhi Police on November 11, 2024.

Pursuant to the investigation, ED searches are conducted under Section 17 of Prevention of Money Laundering Act (PMLA).

In Bhubaneswar, three premises linked to Biswal Tradelink Private Limited and its directors ar...