Coalgate: ED attaches Rs78.25 crore assets of Nagpur company

ED on Tuesday attached assets worth Rs 78.25 crore of a Nagpur-based firm in connection with its money laundering probe into the coal scam case.

The agency said it issued the provisional attachment orders in this regard against the firm– Ms B S Ispat Limited – and a few others. Enforcement Directorate had registered a case under the Prevention of Money Laundering Act (PMLA) against them based on a CBI FIR and charge sheet.

"In this case, total proceeds of crime were identified at Rs 78.25 crore. On the basis of investigation conducted under PMLA, the laundered assets are identified as: assets worth 18.07 crore of the firm, assets worth Rs 30.09 crore from Daga Group and Rs 15.04 crore each from Agarwal Group and Sarda group," it said.