Former enforcement directorate, Government agency

New Delhi, June 9 The Enforcement Directorate (ED) on Thursday said that they have attached an aircraft, belonging to Bhushan Airways Services Private Ltd, a company controlled and owned by Bhushan Power & Steel Ltd (BPSL)ex-Managing Director Sanjay Singal, in its ongoing investigations against BPSL and others.The ED's action was taken in connection with a prevention of money laundering case lodged against the accused. The Cessna 525 A CJ 2+ aircraft, valued at Rs 30.91 crore, was attached on Wednesday.Earlier, the ED had attached various immovable, and movable assets, valued at Rs 4,423.36 crore, including residential, commercial properties at London, Mumbai and Delhi in this case."Thus, the total attachment in this case comes to about Rs 4,454.27 crore so far," the official said.The ED initiated money laundering investigation on the basis of the FIR registered by the CBI in 2019 under various sections of IPC and Section 13(2) read with 13(1) (d) of PC Act, against various suspects including Bhushan Power and Steel, Singal for criminal conspiracy, cheating, forgery for purpose of cheating, use of forged documents as genuine, falsification of accounts, and criminal misconduct by public servant.The ED learnt in the investigation that Singal generated proceeds of crime through siphoning of loan funds from BPSL and layered it through various entities under his control and such proceeds of crime were used towards acquisition of the said aircraft as well as for repayment of the bank loan taken for acquiring it.It had earlier also filed a prosecution complaint (charge sheet) before a special court against 25 accused in which the court has taken cognisance of the offence.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Former Enforcement DirectorateFOLLOW

Former enforcement directorate, Latest News

New Delhi, June 13 Amidst heavy security deployment, Congress leader Rahul Gandhi reached the Enforcement Directorate (ED) office ... ...

New Delhi, June 12 More than a week after testing positive for the coronavirus, Congress president Sonia Gandhi ... ...

The Congress is gearing up to demonstrate a political show of strength on Monday when the party leader Rahul Gandhi will appear before the Enforcement Directorate (ED) in connection in connection with a money laundering case linked to the National He ...

New Delhi, June 11 Congress leader Rahul Gandhi is expected to join the Enforcement Directorate's probe into the ... ...

Congress will hold press conferences across the country on Sunday in connection with the Enforcement Directorate (ED) summons issued to party interim president Sonia Gandhi and senior leader Rahul Gandhi in the National Herald case. ...

New Delhi, June 10 The Enforcement Directorate (ED) has attached immovable assets worth approximately Rs 2.75 crore belonging ... ...

Enforcement Directorate (ED) has provisionally attached assets worth Rs 2.14 crore in its probe into money laundering charges against Delhi-based Shakti Bhog Foods company in connection with an alleged over Rs 3,269 crore bank loan fraud case. ...

New Delhi, June 9 The Enforcement Directorate (ED) on Thursday said that they have attached an aircraft, belonging ... ...