The Enforcement Directorate on Thursday conducted searches in Delhi and Gurugram at multiple premises associated with Jindal Steel and Power Ltd (JSPL) in connection with a case of foreign exchange violations.
“It is an ongoing investigation where JSPL had made some foreign remittances in violation of RBI guidelines and thus stands in contravention of the Foreign Exchange Management Act,” an ED official said.
Navin Jindal, an industrialist and a Congress leader from Haryana, was booked by the CBI in a coal blocks allocation case in 2013. He was chargesheeted in two separate coal blocks cases in 2016 and 2017. The ED, which opened a money-laundering inquiry against him, has also filed a chargesheet in the case. A Delhi court framed charges against Jindal in one of the cases.
