ED attaches assets worth Rs. 78.25 crore in Coal Scam Case

| Updated: Aug 23, 2017 11:20 IST

New Delhi [India], Feb 14 (ANI): The Enforcement Directorate on Tuesday provisionally attached assets worth Rs. 78.25 crore belonging to B.S. Ispat Ltd., Nagpur, Govindas Daga, Mohan Agrawal and Nandkishor Sarda of PMLA, 2002. The ED initiated the money laundering investigation under PMLA, 2002 on the basis of FIR registered and charge sheet filed by CBI, New Delhi for offences punishable under section 120(B) and 420 of IPC against B.S. Ispat Ltd., Nagpur and others. B.S. Ispat Ltd. had obtained Marki Mangli-I Coal Block through misrepresentation and after the allocation of the coal block the original promoters of the company sold their shares and were benefited on a large scale. It further added that in this case, total proceeds of crime were identified at Rs. 78.25 crore. On the basis of investigation conducted under PMLA laundered assets are identified and assets worth Rs. 18.07 crore are attached from B.S. Ispat Ltd., assets worth Rs. 30.09 crore are attached from Daga group and Rs. 15.045 crore each are attached from Agarwal Group and Sarda Group. Further investigation in this case is under progress. (ANI)