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'Ration scam': Arrested TMC leader siphoned off money to overseas account, says ED

05:12 PM Feb 05, 2024 | PTI |

The Enforcement Directorate (ED) on Monday said that TMC leader Shankar Adhya, arrested in connection with an alleged multi-crore ration scam in West Bengal, siphoned off money to a Dubai-based company’s account.

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Adhya, the former chairman of the Bangaon Municipality, owns a foreign exchange company in the Petrapole area along the India-Bangladesh border, and his relatives also run “around 90 such companies, which were used to siphon off funds outside the country”, a senior ED official said.

The Trinamool Congress leader had also opened a company in Dubai, registered under his son’s name, with the help of Bakibur Rahaman, another accused in the scam who was arrested in October 2023, the official said.

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