The Enforcement Directorate (ED) on Tuesday said it has filed a prosecution complaint against Krishna Damani, a former trustee of South Point Education Society, for alleged money laundering using his position at the prominent south Kolkata school. It said the chief judge of the City Sessions Court has issued notice against the accused following the filing of the complaint. ADVERTISEMENTIn a statement, the ED said it initiated an investigation under the provisions of the Prevention of Money Laundering Act (PMLA) on the basis of an FIR registered by Kolkata Police for allegedly siphoning off funds of the South Point Education Society. The Kolkata Police had arrested Damani in February 2024 in connection with the FIR. It further alleged that Damani assumed control over the Board of Trustees by sidelining other members.

Source: The Telegraph February 17, 2026 19:19 UTC