ED Attach Above 26 Crore Assets Of EMTA Coal Limited Company In Coal Block Allocation Case Ann

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EMTA Company: The Enforcement Directorate (ED) has attached immovable assets worth more than Rs 26 crore of EMTA Coal Limited Company and its directors in the much talked about coal block allocation case. In this case, the ED has already attached assets worth more than Rs 136 crore. Let us tell you that the Supreme Court had termed the coal block allocations from 14 July 1993 to 31 March 2011 as illegal and arbitrary.

A top ED official said that the Enforcement Directorate had started its investigation under the Money Laundering Act on the basis of the FIR registered by the CBI regarding the well-known coal block allocation case.

illegal mining

In this case it was alleged that in the years 1995 and 1996, 6 coal blocks were allotted to West Bengal and its public undertaking companies. These coal blocks included Tara Purvi, Tara West, Gangaramchak, Borjore, Bhadulia and Pachwara North. All these coal blocks were canceled on the orders of the Supreme Court. According to the allegation, this company illegally mined from these coal blocks and took advantage of it in a big way.

ED attached properties worth crores

The Enforcement Directorate (ED) found in its investigation that this company, being a joint venture company, had done mining illegally. After investigation, the Enforcement Directorate (ED) has changed the bank accounts, FD balance and mutual fund holdings in the name of this company and its directors Ujjwal Kumar Upadhyay, Sangeeta Upadhyay, Sujit Kumar Upadhyay and their relatives. Property worth Rs 26 crore 93 lakh has been attached. The top ED official said that in this case even before this, in February 2022, a book value of Rs 136 crore property was attached, the investigation of the case is going on.

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