ED freezes 150 bank, demat accounts holding Rs 13.9 crore linked to ex-TMC MLA Sabyasachi Dutta

The Enforcement Directorate said it froze around 150 bank and demat accounts holding Rs 13.9 crore and seized Rs 40.5 lakh cash linked to former TMC MLA Sabyasachi Dutta and associates. The action followed raids in Kolkata and Gurugram over an alleged extortion racket

New Delhi: The Enforcement Directorate on Monday said it has frozen 150 bank and demat accounts holding about Rs 13 crore worth of funds, and seized around Rs 40 lakh in cash related to former Trinamool Congress MLA and ex-Bidhannagar mayor Sabyasachi Dutta and his associates. The ED action followed the central agency’s raid on July 31 on 15 premises in and around Kolkata and one in Gurugram, Haryana, including the premises of Dutta and his associates.

The ED said in a statement that the money laundering case was booked in June taking cognisance of an FIR registered at Bidhannagar North police station alleging that Dutta and his associates ran an extortion racket by misusing his political influence.

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“Through intimidation, assault, and criminal conspiracy, the group extorted funds from local businessmen, converting a portion of these proceeds into assets like gold, fixed deposits, mutual funds, immovable properties, etc.,” it said.

The agency seized documents related to “shell entities” during the raids. It added that about 150 bank/demat accounts having a balance of Rs 13.9 crore (as on August 9, 2026) related to Dutta and his associates were frozen while cash of Rs 40.50 lakh and foreign currency worth USD 17,200 were also seized.