Snapshot from Apr 17, 2026 at 07:00 UTC. For live data and tracking: View Live
Regulatory money laundering investigation

ED Raids I-PAC in West Bengal Coal Scam

Analysis based on 22 articles · First reported Apr 02, 2026 · Last updated Apr 02, 2026

Sentiment
-20
Attention
2
Articles
22
Market Impact
Direct
Live prominence charts, article sentiment distribution, and event development timeline available on the NewsDesk Dashboard

The ongoing India===Enforcement Directorate investigation into the coal smuggling and money laundering scam, particularly involving Indian Political Action Committee, creates uncertainty for political consulting firms and could lead to increased scrutiny of political funding. The allegations against Mamata Banerjee also highlight potential political instability and regulatory challenges in India===West Bengal.

Political Consulting Coal Mining

The India===Enforcement Directorate (ED) has conducted fresh searches at premises linked to the political consultancy firm Indian Political Action Committee (I-PAC) and its executives, Rishi Raj Singh and Pratik Jain, across multiple cities including Bengaluru, Hyderabad, and Delhi. These raids are part of an ongoing investigation into an alleged multi-crore rupee coal smuggling and pilferage scam in India===West Bengal. The ED alleges that nearly Rs 10-20 crore, identified as proceeds of crime from the coal syndicate, was routed to Indian Political Action Committee through hawala channels, purportedly for managing campaigns during the 2022 Goa Assembly elections. Rishi Raj Singh and Pratik Jain have been summoned by the ED and have approached the India===Delhi High Court to quash these notices, citing their involvement in ongoing election work. The ED has also accused India===West Bengal Chief Minister Mamata Banerjee of obstructing earlier searches at the Indian Political Action Committee office and has sought a CBI probe into her actions.

priv
Indian Political Action Committee is under intense scrutiny by the India===Enforcement Directorate for allegedly receiving hawala funds linked to a coal smuggling scam. This investigation could severely damage its reputation and financial stability, especially given the allegations of obstruction by Mamata Banerjee.
Importance 100 Sentiment -70
govactor
The India===Enforcement Directorate is actively investigating an alleged coal smuggling and money laundering scam, conducting raids and issuing summons to key individuals and entities like Indian Political Action Committee. This demonstrates their role in combating financial crime.
Importance 90 Sentiment 10
per
Rishi Raj Singh, co-founder of Indian Political Action Committee, has had his premises searched by the India===Enforcement Directorate and has been summoned for questioning. He has approached the India===Delhi High Court to quash these notices, citing election work.
Importance 80 Sentiment -60
per
Pratik Jain, founder and director of Indian Political Action Committee, has been raided by the India===Enforcement Directorate and summoned for questioning. He has sought relief from the India===Delhi High Court, arguing his involvement in ongoing election work.
Importance 80 Sentiment -60
loc
India===West Bengal is the location of the alleged coal smuggling and pilferage scam, which is the central focus of the India===Enforcement Directorate's investigation. The state's Chief Minister, Mamata Banerjee, is also implicated in allegedly obstructing the investigation.
Importance 60 Sentiment -10
per
Mamata Banerjee, the Chief Minister of India===West Bengal, is alleged to have obstructed India===Enforcement Directorate searches at the Indian Political Action Committee office, leading to a plea by the ED for a CBI probe into her actions.
Importance 50 Sentiment -30
govactor
The India===Delhi High Court is hearing petitions from Rishi Raj Singh and Pratik Jain to quash summons issued by the India===Enforcement Directorate. The court's decision will impact the timing of the investigation.
Importance 40 Sentiment 0
+ 4 more entities View on Dashboard
NEWSDESK
Track this event live

Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.

Open Dashboard

About NewsDesk

NewsDesk is a news intelligence platform that converts raw news articles into structured data. It tracks events, entities, and the relationships between them, with sentiment and attention metrics derived from thousands of articles. Pages on this site are daily static snapshots from the platform's live database. For real-time tracking, search, and alerts, the full dashboard is at app.newsdesk.dev.