ED Raids Partha Chatterjee's Residence
Analysis based on 14 articles · First reported Apr 11, 2026 · Last updated Apr 11, 2026
The ongoing investigation into the school jobs scam, particularly the raids on Partha Chatterjee's residence, highlights governance risks in the education sector of India — West Bengal. While not directly impacting specific stocks, it could negatively affect investor confidence in the region due to perceived corruption and political instability, especially concerning the India — Trinamool Congress.
The India — Enforcement Directorate (ED) conducted fresh raids at the Kolkata residence of former India — West Bengal education minister Partha Chatterjee on April 11, 2026, in connection with the ongoing school jobs recruitment scam. Chatterjee, who was arrested in July 2022 and released on bail in November 2025, is accused of being the 'mastermind' behind illegal appointments of teachers and non-teaching staff in government-aided schools during his tenure. The investigation began with ED raids in 2022, which led to the seizure of over ₹50 crore in cash and gold jewellery from properties linked to Chatterjee and his associate Amitava Mukherjee, both of whom were arrested. Following his arrest, Partha Chatterjee was stripped of his cabinet portfolios and suspended from the India — Trinamool Congress, and was not renominated for the 2026 Assembly polls. The ED's latest action, which also included searches at the office of co-accused Prasanna Prasad, indicates that the investigation is intensifying, with more developments expected in this high-profile corruption case.
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