The ED has alleged that the organisers sold tickets priced between ₹1,749 and ₹5,499, with more than one lakh tickets issued in 2023 and 2024.According to the ED, the proceeds were allegedly siphoned off through cash withdrawals or recorded as miscellaneous expenses. The agency has also alleged that more than ₹3.8 crore in cash was deposited into the bank accounts of Sen and his proprietorship concern, Octave Records, during his tenure.The ED further said nearly ₹30 lakh was transferred from Octave Records to former West Bengal chief minister Mamata Banerjee through banking channels.

Sen reportedly described the payment as “royalty”. However, the agency did not specify what the payment was for or allege any criminality in the transaction.The case is being investigated under the Prevention of Money Laundering Act (PMLA).

The ED had questioned Sen for around 10 hours and searched 15 premises in Kolkata linked to him and his associates as part of the investigation.Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs.

The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments.

Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available.

Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More