ED finds ₹60 crore ‘financial irregularities’ in TMC MP-linked newspaper during 24-hour-long searches
The marathon searches at premises linked to Nadimul Haque and his media entity began on the morning of September 7, and were completed on September 8, 2026
The Enforcement Directorate (ED) uncovered potential financial irregularities of approximately ₹60 crore in an Urdu newspaper associated with Trinamool Congress (TMC) Rajya Sabha MP Nadimul Haque, following extensive searches spanning over 24 hours, officials announced on Tuesday, September 8, 2026. The intensive searches at various locations linked to Mr. Haque and his media organization commenced on September 7, 2026, and concluded early on Tuesday.
Officials disclosed that the ED is meticulously examining financial records and digital documents to trace the transactions and ascertain the origins and nature of the funds under scrutiny. A source familiar with the matter told PTI that the investigation probes alleged illicit financial transactions involving the newspaper, with a particular focus on potential hawala channel involvement.
During the searches, ED officials meticulously examined bank transaction records, financial documents, and digital materials, as well as questioning Mr. Haque at his residence and office in Kolkata. The investigators are also delving into the purported movement of funds connected to the TMC, according to ED sources.
The ED identified discrepancies in transactions amounting to around ₹60 crore for which satisfactory supporting records could not be located. The agency is currently assessing whether these transactions were legitimate business dealings or whether the funds were transferred via informal channels, including hawala.
Parallel searches were carried out at seven additional locations in Delhi and Ranchi, including the newspaper's office in Kolkata's Park Circus area and premises associated with Mr. Haque. The TMC MP was present in Ranchi when the operation commenced and was subsequently transferred to Kolkata on Monday night (September 7, 2026) before being questioned during the search at his residence and office, as per the official statement.
The investigation stems from an FIR registered by the Bidhannagar Police Commissionerate and the subsequent filing of an Enforcement Case Information Report by the ED. The case encompasses allegations of illegal and unaccounted financial transactions and the receipt of funds from dubious sources. As of now, the ED has not made any arrests in connection with the case.
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