odisha news: ED launches raids on properties linked to Odisha mining tycoon Ratnakar Rout

Reporterspen

odisha news: Bhubaneswar, (Reporterspen) Jan 8: Officials from the Enforcement Directorate (ED) have launched coordinated raids on properties associated with Ratnakar Rout, a prominent mining businessman in Odisha. Preliminary reports indicate that the central probe agency is conducting searches at 12 locations across Dhenkanal and Bhubaneswar, focusing on suspected financial transactions and mining operations linked to Rout.

The operation includes searches at Rout’s farmhouse and residence in Dhenkanal, as well as other sites in Hindol and Bhubaneswar. The ED’s action is part of a broader investigation into alleged financial irregularities and violations of mining laws. The raids, which began early Wednesday morning, reflect the agency’s intensified scrutiny of Rout’s business dealings, financial transactions, and property acquisitions.

This crackdown is part of a series of similar operations conducted by the ED in recent months, underscoring the agency’s commitment to combating financial crimes and illegal mining activities in the state. As the investigation progresses, further details are expected to emerge regarding the extent of the alleged irregularities and potential legal ramifications for Rout and his associates.


Reporterspen