{"id":311089,"date":"2020-01-18T12:57:20","date_gmt":"2020-01-18T07:27:20","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=311089"},"modified":"2020-01-18T12:57:20","modified_gmt":"2020-01-18T07:27:20","slug":"bhushan-power-and-steel-case-ed%e2%80%89charge-sheet-against-md-24-others","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bhushan-power-and-steel-case-ed%e2%80%89charge-sheet-against-md-24-others\/","title":{"rendered":"Bhushan Power and Steel case: ED\u2009charge sheet against MD, 24 others"},"content":{"rendered":"<p>Sanjay Singal, the Chairman and Managing Director of Bhushan Power and Steel Ltd (BPSL), allegedly transferred money to shell companies under the guise of buying capital goods, then either routed the money back to BPSL as equity so as to borrow more money from banks or laundered it to buy property according to a charge sheet filed by the Enforcement Directorate against him and 24 others by the Enforcement Directorate on Friday. <\/p>\n<p>Singhal bought a house in one of the most expensive apartment buildings in the world, One Hyde Park, in Knightsbridge, London worth Rs 162 crore and another in Delhi\u2019s posh Jor Bagh for Rs 74 crore using laundered money, ED\u2009claimed.<\/p>\n<p>ED\u2019s special prosecutor Nitesh Rana informed the court while filing the charge sheet that Sanjay Singal was the \u201cmastermind\u201d behind diversion of loans taken from various banks by \u201cdressing up\u201d the books of accounts of BPSL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sanjay Singal, the Chairman and Managing Director of Bhushan Power and Steel Ltd (BPSL), allegedly transferred money to shell companies under the guise of buying capital goods, then either routed the money back to BPSL as equity so as to borrow more money from banks or laundered it to buy property according to a charge sheet filed by the Enforcement Directorate against him and 24 others by the Enforcement Directorate on Friday. Singhal bought a house in one of the most expensive apartment buildings in the world, One Hyde Park, in Knightsbridge, London worth Rs 162 crore and another in [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,236],"tags":[],"class_list":["post-311089","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-power-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/311089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=311089"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/311089\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=311089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=311089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=311089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}