The Enforcement Directorate (ED) has provisionally attached properties worth Rs 1,621.93 crore under Prevention of Money Laundering Act (PMLA) in the case of coal block investigation against Jharkhand-based Corporate Ispat Alloys Ltd. (CIAL).
The provisionally attached properties consist of one biomass power plant, two captive thermal power plants, one ferro alloys plant and Direct Reduced Iron Plant and parcels of land situated at Durgapur, West Bengal and Saraikela, Jharkhand of the Nagpur-headquartered company, the ED said in a statement.
The ED had initiated money laundering investigation on the basis of an FIR dated January 6, 2016 registered by the Economic Offences Wing of CBI, New Delhi, for alleged commission of offences under the Indian Penal Code (IPC) and relevant provisions of the Prevention of Corruption Act against CIAL,
