ANI
22 Jun 2022, 13:25 GMT+10
New Delhi [India], June 22 (ANI): The Enforcement Directorate (ED) has attached immovable and movable assets valued at Rs 26.93 crore belonging to EMTA Coal Ltd and its partners and Directors in a coal block case.
The attached property is in the form of Bank Account Balances, Fixed Deposit Balances and Mutual Fund holdings.
These properties belong to EMTA Coal Ltd and its partners and Directors -- Ujjal Kumar Upadhaya, Sangeeta Upadhaya, Sujit Kumar Upadhaya-- and their family members under the Prevention of Money Laundering Act (PMLA), 2002.
ED initiated a money-laundering investigation on the basis of the First Information Report registered by the Central Bureau of Investigation, New Delhi against EMTA Coal Ltd and others for offences punishable under various sections of the Indian Penal Code and section 13 of the Prevention of Corruption Act, 1988.
During the investigation, it was revealed that from 1995-1996 six Coal Blocks-- Tara(East), Tara(West), Gangaramchak, Borjore, Gangaramchak-Bhadulia and Pachwara( North) in West Bengal, which were allocated to the West Bengal government PSUs, and subsequently cancelled by the Supreme Court, were mined by EMTA Coal Ltd by forming joint venture company, in an illegal manner and made huge illegal profit.
ED has earlier attached immovable and movable assets having a book value of Rs 136.48 crore in February 2022. (ANI)Get a daily dose of Kolkata Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.
More InformationISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...
PARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...
WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
NEW DELHI, India: India has decided not to allow a United Nations (UN) investigator to join the investigation into the recent Air India...
Washington D C [US], July 3 (ANI): India and the United States of America have agreed to sign a new 10-year US-India Defence Framework...
New Delhi [India], July 23 (ANI): In an order on defence procurement, the Delhi High Court has upheld the Central Reserve Police Force's...
Baltal (Jammu and Kashmir) [India], July 3 (ANI): Union Minister Shobha Karandlaje visited the Amarnath Yatra base camp in Baltal on...
Moradabad (Uttar Pradesh) [India], July 3 (ANI): Ahead of Muharram and Kanwar Yatra, security has been heightened and CCTVs installed...
Hubbali (Karnataka) [India], July 3 (ANI): Bharatiya Janata Party MLA Mahesh Tenginkai slammed Karnataka Minister Priyank Kharge over...