The Enforcement Directorate (ED) has carried out a grand raid in Bhubaneswar, the capital of Odisha, in a major money laundering case, seizing luxury vehicles, jewellery and cash worth crores of rupees from the residence and offices of Anmol Mines Private Limited and its Managing Director Shakti Ranjan Das. The operation was carried out in connection with the ₹1396 crore bank fraud case linked to Indian Technomac Company Limited (ITCOL), one of the country’s biggest financial scams. Raid details On August 30, 2025, the ED raided two locations in Bhubaneswar—the residence of Shakti Ranjan Das and the offices of Anmol Mines Private Limited (AMPL). The agency seized 10 luxury cars (including Porsche Cayenne, Mercedes-Benz GLC, BMW X7, Audi A3, and Mini Cooper), 3 superbikes (including a Honda Gold Wing, valued at over ₹7 crore), jewellery worth ₹1.12 crore, cash worth ₹13 lakh, and important property-related documents. Two bank lockers were also frozen. According to the ED, the investigation is ongoing and more revelations are expected. The ED alleges that ITCOL withdrew ₹1396 crore from 16 banks between 2009 and 2013. crores and transferred it through shell companies, of which ₹59.80 crores were given to Anmol Mines. Shakti Ranjan Das allegedly used the money in mining business along with ITCOL promoter Rakesh Kumar Sharma, which was an attempt to launder black money. The ED has so far attached assets worth ₹310 crores in the case, out of which ₹289 crores were returned to banks in April 2025. Background and Response The ITCOL case is one of the major financial scams in Odisha, in which large-scale money was misappropriated through shell companies. The ED had also attached 18 assets worth ₹21.15 crores of Anmol Mines in 2023, which were located in Bhubaneswar, Cuttack, and other districts. Odisha Finance Minister Biju Jha said that the state is fully cooperating with the ED investigation to root out financial corruption. BJP spokesperson Pradeep Bhandari called it a “network of corruption in West Bengal and Odisha”, while the TMC accused it of “political vendetta”. According to experts, the action will increase transparency in Odisha’s mining sector. But it could also spark political controversies, as many names linked to the case are yet to be revealed. “Our resolve is to strengthen the fight against financial crimes. No one is above the law.” — ED spokesperson References Aaj Tak, India Today, The Hindu, Sambad English, Times of India, X-Post