New Delhi: The Enforcement Directorate on Friday attached fresh assets worth Rs101 crore of Nagpur based Jayaswal Neco Industries Limited in the Siltara area of Raipur in Chhattisgarh, taking the total attachment against Neco Industries in the coal scam case to Rs307 crore.
The fresh attachment include land worth Rs21 crore in Bilaspur district and an office building worth Rs80 crore at the integrated steel plant of Jayaswal Neco Industries in Siltara.
The ED, which had last year issued attachment order of Rs206 crore against the company, is probing money laundering charges and had registered a case under Prevention of Money Laundering Act based on an FIR filed by Central Bureau of Investigation.
The ED said in its attachment order that the company had obtained the Gare Palma-sub block IV/4 coal block in Chhattisgarh through alleged fraudulent means and resorted to illegal use of coal mined in their captive power plant (CPP) without permission from the Central government.
According to ED, the share capital of Rs101 crore, which was raised by the company after the allocation of the coal block, was related to the coal block illegally obtained and mined by the company.
