The Enforcement Directorate (ED), Kolkata Zone, has filed a Prosecution Complaint on 8 December 2025 against Prasenjit Das, proprietor of P.K. Enterprises, along with Chandan Sarkar, Laltu Saha, and three others. The complaint was filed under the Prevention of Money Laundering Act (PMLA), 2002 before the Special PMLA Court in Kolkata. The case is linked to a major bank fraud led by Late Purnendu Das, proprietor of K.P.S. Enterprise, in partnership with his son and several others.
The ED began its investigation based on an FIR registered by the CBI, BS&FC, Kolkata, under various sections of the Indian Penal Code.
During the investigation, ED found that Late Purnendu Das, through his firm K.P.S. Enterprise, took a Packing Credit loan of ₹8 crore and a Foreign Bill Negotiation facility of ₹25 crore from the then Allahabad Bank (now Indian Bank). These loans were meant for exporting onions to Bangladesh. However, he caused a wrongful loss of ₹26.72 crore to the bank by submitting forged export bills.
The ED further revealed that Letters of Credit (LCs) were opened by several banks in Bangladesh. Allahabad Bank negotiated export bills worth ₹25 crore for K.P.S. Enterprise. But when the bank demanded payment from Bangladesh banks, the foreign banks refused to pay, stating that no goods were ever received.
The investigation showed that Late Purnendu Das diverted the loan money to the bank accounts of his son’s firm, P.K. Enterprise, as well as his own personal accounts. The diverted money was withdrawn using 70 bearer cheques issued in the names of different onion suppliers, including himself. Employees of K.P.S. Enterprise were used to withdraw the cash.
Earlier in this case, ED had already issued a Provisional Attachment Order attaching five immovable properties worth around ₹34.42 lakh.
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