Chandel was arrested on April 13, prior to the commencement of polling, in connection with allegations that illicit funds generated from illegal coal mining operations were routed through complex financial channels. The Enforcement Directorate has alleged that the funds were transferred using hawala networks and fictitious invoices, with I-PAC accused of facilitating the layering of proceeds to disguise their origin.
The case forms part of a broader investigation into large-scale money laundering linked to illegal coal extraction activities in West Bengal. According to officials, the probe has already led to the attachment of assets worth several hundred crores as authorities continue to trace the financial trail of the alleged scam.
Following his arrest, Chandel’s swift release on bail has drawn sharp political reactions from opposition figures, who questioned the timing and pace of legal proceedings in the case. Critics raised concerns over whether the intensity of action had diminished after the conclusion of polling, with remarks implying that the matter appeared to lose momentum once elections progressed.
Despite the bail order, investigative agencies have clarified that the wider probe remains active and ongoing, with further examination of financial records and transactions expected to continue in the coming weeks. The court’s decision, while granting immediate relief to the accused, does not impact the continuing enforcement action in the larger alleged coal laundering network.
The case continues to attract attention due to its scale, political connections, and the involvement of multiple financial channels allegedly used to move illicit funds across jurisdictions.
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