The Enforcement Directorate has attached assets worth Rs 169 crore of Topworth Urja Ltd in connection with a money laundering case relating to coal block allocation scam.
The ED had initiated investigation under Prevention of Money Laundering Act (PMLA) on the basis of an FIR registered by the CBI against Topworth Urja & Metals Ltd. (formerly Shree Virangana Steels Ltd.) and its Directors under Indian Penal Code (IPC) Sections relating to criminal conspiracy, cheating and forgery among others.
The firm, through fraudulent means and by making misrepresentation, got allotment of Marki Mangli –II, III & IV coal blocks.
