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PDS Scam: In a significant development on January 5, 2024, the ED conducted searches at various Full Fledged Money Changers (FFMC) companies and associated individuals. Substantial evidence was seized during these searches, revealing the extent of the scam. Initial findings suggest that the proceeds of crime, generated and shared through various illicit means, may amount to a staggering Rs. 9,000 – 10,000 Crore. Additionally, Rs. 2000 Crore is suspected to have been transferred to Dubai, either directly or through Bangladesh.
Sankar Addhya, a resident of Bongaon, who owned and controlled numerous FFMC companies, was arrested on the same day and presented before the Special PMLA Court in Kolkata. The court granted the ED custody of Addhya for 14 days to facilitate further investigation.
“During a related search at the residence and office premises of Sahajahan Shekh, Convenor of TMC Sandesh Khali in North 24 Parganas, ED teams were attacked. A complaint was lodged with the jurisdictional Police, resulting in the registration of FIR no. 09 of 2024. The charges include serious offenses under various sections of the Indian Penal Code, signaling the gravity of the situation”.
In a disturbing repetition of events, a similar incident occurred during a search at Sankar Addhya’s residence in Simultala Bongaon. The ED team, along with CRPF personnel, faced threats and assaults from a hostile crowd, hindering the performance of their official duties. Despite prior requests for security, the crowd was allowed to gather, leading to an attack on the ED team. While no physical injuries were reported, the crowd damaged the ED team’s vehicle, prompting the filing of a formal complaint with the police.
These incidents underscore the challenges faced by investigative agencies in unveiling and addressing large-scale financial irregularities. The ED’s persistent efforts aim to expose the depth of the PDS Scam, bringing to light the intricate network of illicit activities that have allegedly been perpetrated by individuals exploiting the public distribution system. As the investigation unfolds, it is expected to shed light on the nexus between financial fraud, money laundering, and unauthorized possession of essential resources.
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