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ED Conducts Raids in Kolkata Over Rs 290 Crore Bank Loan Fraud Case Against Kohinoor Power

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  3. Crime

ED Conducts Raids in Kolkata Over Rs 290 Crore Bank Loan Fraud Case Against Kohinoor Power

Analysed 3 Sept 2026·6 sources analysed·Kolkata, India·Crime
ED Conducts Raids in Kolkata Over Rs 290 Crore Bank Loan Fraud Case Against Kohinoor PowerPreviousNext

The Enforcement Directorate conducted searches at 11 locations in Kolkata linked to a Rs 290 crore bank loan fraud involving Kohinoor Power Pvt Ltd. The company had secured loans to establish a 66 MW power plant in Jharkhand, but the funds were allegedly diverted to other group entities and personal use. Following liquidation proceedings at the National Company Law Tribunal, only Rs 7 crore was recovered, causing significant creditor losses. The raids targeted premises of promoters Prashant and Vijay Bothra, directors, and auditors under the Prevention of Money Laundering Act.

Sentiment
43%
TBN's observations

First-hand measurement across 6 sources

We measured how 6 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (43/100). Lens Score 54/100.

Outlets measured: thetribune, republicworld, news18, economictimes, mint, news18. See how each one headlined and framed the same story in the source comparison below.

AI analysis of 6 sources · Published under editorial oversight by The Balanced News
Analysed 3 Sept 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Sentiment — Neutral (43/100)

Sentiment was consistent across outlets (28–48/100), indicating broadly factual reporting rather than editorialising.

Coverage timeline

news18 broke this story on 3 Sept, 04:15 am. Other outlets followed.

3 Sept, 04:15 am6 sources · 88 min3 Sept, 05:43 am
AI analysis by the TBN Bias Engine · beat methodology byDushyant Deshmukh· Investigative Writer· editorial standards byOjas Kale
← Previous
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  1. 1
    news183 Sept, 04:15 am
    ED raids multiple locations in Kolkata in bank loan fraud case
  2. 2
    mint3 Sept, 04:25 am
    ED raids multiple Kolkata locations in 290 crore bank loan fraud probe against Kohinoor Power Today News
  3. 3
    economictimes3 Sept, 04:32 am
    ED raids multiple locations in Kolkata in Rs 290 crore bank loan fraud case against Kohinoor Power
  4. 4
    news183 Sept, 04:46 am
    ED raids 11 places in Kolkata in Rs 290 crore bank fraud case
  5. 5
    republicworld3 Sept, 05:20 am
    ED Raids 11 Places in Kolkata in Rs 290 Crore Bank Fraud Case
  6. 6
    thetribune3 Sept, 05:43 am
    ED searches 11 premises in Kolkata in Rs 290-crore bank fraud case - The Tribune

Accountability flags

TBN's analysis identified the following accountability dimensions in this story.

  • financial irregularity

    This story involves alleged financial misconduct — unexplained transactions, procurement irregularities, or misuse of public/shareholder funds.

Who's involved

Institutions and figures named across source coverage.

Government
Enforcement DirectorateNational Company Law Tribunal
Corporate
Kohinoor Power
Enforcement
Enforcement Directorate
Judiciary
National Company Law Tribunal

Story context

Category
Crime
Location
Kolkata, India
Sources analysed
6
Last analysed
3 Sept 2026
Key entities
Koh-i-NoorEnforcement DirectorateCroreIndian rupeeKolkataJharkhandNational Company Law TribunalLiquidationMoney launderingLoanFraudAudit