Current AffairsIndia

ED seizes Rs 80 lakh cash of ex CMD of South Eastern Coalfields Ltd

New Delhi:  Enforcement Directorate (ED) on Wednesday said that it has provisionally attached movable property in the form of seized cash amounting to Rs 80 lakh under the Prevention of Money Laundering Act, 2002(PMLA) in a case related to corruption and criminal misconduct by public servant.

Investigation under the PMLA was initiated on the basis of the FIR registered by CBI, ACU-II, New Delhi under Section 120B of IPC read with Section 7 and Section 13(2) read with Section 13(1)(d) of the Prevention of Corruption Act, 1988 against MP Dixit, the then Chairman-cum-Managing Director of South Eastern Coalfields Ltd (SECL), Vijendra Singh, Surojit Samanta, VN Singh, Bajrang Lal Aggrawal, Ram Avatar Aggarwal, Sanjay Singh, Vinod Baid and Naveen Sharma.

Investigation under PMLA revealed that accused M P Dixit had demanded and agreed to accept illegal gratification of Rs one crore for illegally favoring a private firm Maruti Clean Coal & Power Ltd, in connivance with others, through a maze of events, attempted to indulge in acquisition of Rs 80 lakh as part payment which was received by VN Singh on behalf and instructions of MP Dixit.

“The amount of 80 lakhs acquired as a result of criminal activities related to the scheduled offence of criminal conspiracy and corruption, being proceeds of crime, has been provisionally attached under PMLA”, the ED said, adding that further investigation in this case is under progress.

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