Bank fraud: ED attaches Rs 31-crore aircraft of Bhushan Power and Steel’s ex-CMD Sanjay Singal
The Enforcement Directorate has provisionally attached a Cessna aircraft belonging to a company owned by Sanjay Singal, former managing director of Bhushan Power & Steel Ltd (BPSL), as alleged proceeds of crime in a money laundering case against BPSL and others.
The federal agency on Thursday said it has attached the 525 A CJ 2+ aircraft valued at Rs 30.91 crore from Bhushan Airways Services Pvt Ltd, owned and controlled by Singal.
Earlier, ED had attached various immovable and movable assets valued at Rs 4,423.36 crore – including residential and commercial properties in London, Mumbai and Delhi. Total attachments in connection with this case so far is valued at approx Rs 4,454.27 crore.
