The Enforcement Directorate (ED) investigating the multi-crore school job case in West Bengal has revealed in its latest charge sheet the involvement of prominent real estate companies in Kolkata through which prime accused Sujay Krishna Bhadra allegedly channeled the proceeds of the scam.
According to sources, the charge sheet, filed at a special court of the Prevention of Money Laundering Act (PMLA) on July 28, sheds light on Bhadra’s network with these real estate companies to divert the funds. The charge sheet indicates that Bhadra’s two companies, in which he was the principal shareholder, engaged in “equipment supply agreements” with these real estate development agencies, receiving substantial amounts of money from them. The transactions were then recorded in their books as payments for equipment supply.
In recent raids at the offices of four real estate development entities, the ED procured crucial documents related to these transactions. Both of Bhadra’s companies were established in March 2020 during the Covid-19 lockdown.
The extensive 7,600-page charge sheet, with a principal charge sheet of 125 pages, also outlines Bhadra’s connections with influential individuals and how he artificially inflated the share price of a particular company with the help of a city-based chartered accountant.
Additionally, the charge sheet revealed Bhadra’s alleged role as a main link between the former state education minister and Trinamool Congress secretary general Partha Chatterjee and expelled youth Trinamool Congress leader Kuntal Ghosh, both of whom are currently in judicial custody for their alleged involvement in the school job case. Bhadra also maintained close ties with Trinamool Congress legislator and former president of the West Bengal Board of Secondary Education (WBBPE), Manik Bhattacharyya, who is also in judicial custody in connection with the same case.