Press24 News Live
Press24 News is Tv Channel brings live india news,top headlines,hindi breaking news (English News)Latest News from India & World for you

ED attaches ₹204 crore assets of ex-Bhushan Power CMD in money laundering case

5


New Delhi: The Enforcement Directorate (ED) on Saturday provisionally attached assets worth 204.31 crore of former Bhushan Power and Steel Ltd (BSPL) chairman and managing director Sanjay Singal in the ongoing money laundering case.

“The attached assets consist of movable and immovable properties in Delhi and London. Investigations under Prevention of Money-Laundering Act, 2002 (PMLA) had revealed that an amount of Rs. 204.31 crores were diverted out of bank loan funds of BPSL, which were utilized for acquisition of assets in India and abroad by Sanjay Singal,” it said.

The special court on Friday also took cognizance of the chargesheet and issued production warrants against the accused.

Singal was arrested ED on 22 November last year and is presently in judicial custody.

The ED’s move follows the prosecution complaint it had filed in a special court on Friday against Singhal and 23 other persons including entry operators based in Delhi, Mumbai and Kolkata for their involvement in the case.

“The Court, after holding that there are sufficient grounds to proceed against the accused persons, has taken cognizance of the offence under the PMLA against all the 25 accused persons and ordered issuance of summons,” the agency said.

ED registered the case after studying the FIR filed by the Central Bureau of investigation (CBI) against the BSPL, its former managing director Sanjay Singal and others on charges of corruption.

The probe agency has also accused Singal of diverting funds out of loans taken by BPSL from 33 banks and financial institutions during 2007-2014 which were used for creation of assets, including equity investment in BPSL.

How You Feel about this News,Post your comments and share the news..
(News are directly taken from Syndicate feeds,Press24 team not edited its content instead for title for more information visit source link)

Source link

قالب وردپرس

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More

Select currency
INR Indian rupee