A team from the Enforcement Directorate (ED) conducted a search operation at the house of a businessman in Salt Lake on Friday and seized gold worth close to ₹5 crore, sources in the central agency said.

The team has been investigating a case of alleged bank fraud worth several crores.

Early on Friday, the team reached the businessman's house in Salt Lake's BE block and conducted a search and seizure operation in the presence of witnesses.

Apart from several documents and some cash, the officers of the central investigating agency seized gold weighing close to 7kg from the house.

Officers said they would question the businessman once again about the gold, from where it was purchased, the receipts and the source of money for buying gold.

On Friday, the businessman could not allegedly provide satisfactory answers about the source of the money that was used to purchase the gold.

The questioning would be carried out by the same set of officers who visited the businessman's house on Friday. The aim will be to find out if the gold was bought from any proceeds of crime, officers said.