The Enforcement Directorate has arrested Amit Ganguly, Director of Ganguly Home Search Pvt Ltd, in a money laundering investigation linked to alleged fraudulent property transactions in West Bengal. The agency said Ganguly was arrested on September 15 under Section 19 of the Prevention of Money Laundering Act and later produced before a special PMLA court, which remanded him to four days of ED custody. Investigators are examining allegations involving property acquisition, development rights, forged documents and suspected proceeds of crime.
ED Arrests Kolkata Real Estate Director Amit Ganguly in Money Laundering Probe
The Enforcement Directorate has arrested Amit Ganguly, Director of Ganguly Home Search Pvt Ltd, in a money laundering case relating to alleged fraudulent property purchases, forged documents, and disputed real estate transactions in West Bengal.
The Enforcement Directorate (ED) has arrested Amit Ganguly, Director of Ganguly Home Search Pvt Ltd, in a money laundering case related to alleged fraudulent acquisition and transfer of immovable properties across West Bengal.
Amit Ganguly was taken into custody on September 15 under the provisions of Section 19 of the Prevention of Money Laundering Act (PMLA), 2002, in connection with an ongoing investigation concerning alleged property-related offences, the ED said in a statement.
Following his arrest, Mr Ganguly was produced before a special PMLA court, the agency said. The court then sent him back to ED custody for four days as investigators continued to question him.
Officials said the money laundering probe is based on several First Information Reports registered by West Bengal Police for offences that are scheduled offences under the PMLA framework.
The ED said the case involves alleged fraudulent acquisition, control and transfer of immovable properties of several individuals and business entities at different locations.
The probe has revealed that Amit Ganguly, along with his associates and entities connected with him, indulged in cheating, forgery and other fraudulent activities to illegally acquire valuable property assets.
Alleged Property Fraud and Forged Documents Under Investigation
Mr Ganguly was produced before a special PMLA court following his arrest, the agency said. The court then remanded him to ED custody for four days as investigators continued to interrogate him.
The money laundering probe is based on several FIRs registered by West Bengal Police for offences that are scheduled offences under the PMLA framework, officials said.
“ED said the case is related to alleged fraudulent acquisition, control and transfer of immovable properties of several individuals and business entities at various locations.
The probe has revealed that Amit Ganguly, along with his associates and entities connected with him, indulged in cheating, forgery and other fraudulent activities to illegally acquire valuable property assets.
The ED had alleged that Amit Ganguly had acquired development rights over properties through joint venture agreements with landowners but did not provide their lawful entitlements thereafter.
Further, investigators alleged that fake documentation was subsequently used to substantiate claims over these properties, and the proceeds obtained from such activities could be proceeds of crime under the PMLA.
The agency said that the valuable immovable property and related property rights identified in the course of the investigation are under examination and are part of the suspected proceeds of crime.
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Earlier Searches, FIRs and Continuing Enforcement Directorate Probe
Amit Ganguly has been named in around 23 FIRs and allegedly adopted a similar modus operandi with investors and landowners, the Enforcement Directorate said.
Officials claimed that several investors and property owners were impacted through controversial transactions involving real estate projects and development agreements associated with the probe.
ED officials had earlier conducted searches at premises linked to Amit Ganguly and associated entities in the ongoing probe on March 28, 2026, as reported earlier.
During those searches, investigators seized documents, digital devices and other records they believed to be relevant to the case. The materials are being reviewed by enforcement authorities.
The agency said that an analysis of seized records allegedly showed Amit Ganguly’s influence with local authorities on matters concerning real estate developments and transactions involving immovable property.
The Enforcement Directorate has cited the allegations and findings that are part of an ongoing investigation. The claims have not yet been finally determined by any court.
As the probe continues, authorities are expected to examine additional evidence, financial transactions, property records, and witness statements to establish the full scope of the case.
Real estate and legal circles are closely monitoring the developments, and Sprouts News understands that further findings will likely influence the next stage of enforcement proceedings.
