Misuse of insolvency proceedings: ED conducts raids in West Bengal

KOLKATA: The Enforcement Directorate on Friday conducted searches at multiple locations in West Bengal as part of a money laundering probe linked to alleged misuse of insolvency proceedings, officials said. A total of eight premises have been raided in the state in the case involving Kohinoor Power, lender banks and some others, they said. The action has been initiated under the Prevention of…