New Delhi: The Enforcement Directorate (ED) has issued a provisional attachment order underneath Prevention of Cash Laundering Act (PMLA) 2002, attaching properties price Rs 1,20,02,102 pertaining to M/s Jharkhand Ispat Non-public Restricted in a Coal Block case.
The ED initiated an investigation on the idea of FIR registered by CBI and the cost sheet has additionally been filed by CBI in opposition to the stated Non-public Restricted and its Administrators.
Subsequently, a Particular Courtroom convicted JIPL and its administrators together with imposing a positive on them within the CBI case.
After the investigation, the full ‘proceeds of crime’ price Rs 25 crore was recognized and two PAOs price Rs 19.73 crores and Rs 3.93 crore have been issued in September 2016 and January 2019 respectively and have been duly confirmed by the PMLA Adjudicating Authority.
Additional, the Prosecution Criticism and supplementary criticism have additionally been filed earlier than the PMLA SpecialCourt on July 17, 2018, and on July 21, 2020, respectively.
Additional investigation underneath PMLA revealed movable properties price Rs 1,20,02,102 as proceeds of crime and accordingly, properties price Rs 1,20,02,102 have been hooked up.
Complete attachment within the case is now Rs 24.86 crore