Chandel was taken into custody in Delhi under provisions of the Prevention of Money Laundering Act (PMLA).
Raids across cities
Earlier this month, the ED had conducted searches at multiple locations, including Chandel’s property in Delhi and premises linked to I-PAC co-founder Rishi Raj Singh in Bengaluru.
Raids were also carried out at the Mumbai residence of Vijay Nair, and earlier this year at I-PAC’s Kolkata office and the home of its director Pratik Jain.
The Kolkata raid drew political attention after Chief Minister Mamata Banerjee visited the site with state officials.
Coal scam link
The ED case stems from a 2020 FIR by the Central Bureau of Investigation (CBI), which alleged large-scale coal pilferage at mines operated by Eastern Coalfields Ltd in the Kunustoria and Kajora areas near Asansol.
Investigators claim a “hawala” operator linked to the smuggling network routed tens of crores of rupees to I-PAC through a Mumbai-based company already under scrutiny in the Delhi liquor policy case.
Political reactions
Trinamool Congress (TMC) general secretary Abhishek Banerjee criticised the timing of the arrest, noting it came just days before voting in West Bengal.
In a post on X, he said the move “shakes the very idea of a level playing field.”
The arrest of Vinesh Chandel, co-founder of I-PAC, barely 10 days before the Bengal elections, is not just alarming- It shakes the very idea of a level playing field.
— Abhishek Banerjee (@abhishekaitc) April 13, 2026
At a time when WB should be moving toward free and fair elections, this kind of action sends a chilling message:…
West Bengal is set to vote in two phases later this month, with counting scheduled for May 4—placing the high-profile arrest squarely in the middle of a heated election season.