ED begins probe against Naveen Jindal, family
14 April 2015 5:54 AM IST
In another setback for Congress leader and industrialist Naveen Jindal, the Enforcement Directorate (ED) has started probe against him and his family members for flouting foreign exchange laws in operating bank accounts in Singapore. On March 30, 2015, ED had provisionally attached assets worth Rs.2 crore belonging to former Union Minister of State for Coal Dasari Narayana Rao in connection with a coal block scam.
Thereafter the agency registered a case under the Prevention of Money Laundering Act, based on CBI probe alleging that Jindal, who is the director of Jindal Steel and Power Limited (JSPL), in collusion with Rao, obtained a Jharkhand coal block for his companies on false representations.
Sources said the probe agency, sometime ago, received an official communication from financial intelligence unit in Singapore which said that at least four bank accounts held by the Jindals-- Naveen, his two children and wife-- were being operated since 2010 in a Swiss private bank identified as Julius Baer.
Thereafter the agency registered a case under the Prevention of Money Laundering Act, based on CBI probe alleging that Jindal, who is the director of Jindal Steel and Power Limited (JSPL), in collusion with Rao, obtained a Jharkhand coal block for his companies on false representations.
Sources said the probe agency, sometime ago, received an official communication from financial intelligence unit in Singapore which said that at least four bank accounts held by the Jindals-- Naveen, his two children and wife-- were being operated since 2010 in a Swiss private bank identified as Julius Baer.
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