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Coalgate: ED may file more cases

New Delhi: The  Enforcement Directorate may file more fresh cases of money laundering in the coal block allocation scam.  Nine cases have been filed under the Prevention of Money Laundering Act for companies including Tata
India TV News Desk January 23, 2014 22:49 IST
India TV News Desk
New Delhi: The  Enforcement Directorate may file more fresh cases of money laundering in the coal block allocation scam.  

Nine cases have been filed under the Prevention of Money Laundering Act for companies including Tata Power, Reliance Energy Ltd, Balco SKS Ispat and Power, Prakash Industries, Green Infrastructure, Visa Power, Vandana Vidyut, GVK, Gagan Sponge Iron and Lanco Group Ltd.

Few days ago, CBI had filed two more FIRs in the coal scam against the two companies who where allotted coal block during the NDA regime. The FIRs have been filed against BLA Industries Pvt Ltd, Gastron Technologies Pvt Ltd and unknown officials of the Coal Ministry.

CBI has filed 16 cases in the coal scam.

The Enforcement Directorate would look into all the CBI FIRs against the companies which were allocated coal blocks in violation with the foreign exchange rules and money laundering.

The move comes after Supreme Court sought status report from ED by February 8 on the coal scam probe.

ED is also understood to have been looking at possible instances of forex violation in the case.

It can attach assets and properties of the accused and their business concerns if its investigation shows that they came from “proceeds of crime”.