Former TMC MP KD Singh Detained By ED Over Ponzi Scam
The Enforcement Directorate (ED) on January 13 arrested former Trinamool Congress Rajya Sabha MP KD Singh for his alleged involvement in a ₹1,900 crore Ponzi scam. Singh is the founder and current Chairman Emeritus of the Alchemist group. The ED had begun probing into the Alchemist Group money laundering case in 2016. As per reports, the recent arrest was made under Prevention of Money Laundering Act, 2002.