New Delhi: Enforcement Directorate (ED) has attached movable property worth Rs 11.92 lakhs under Prevention of Money Laundering Act 2002, (PMLA) in a case of illegal allocation of a coal block in Jharkhand.
"The attached assets include the balance lying in the bank account of Hotel Le Lac, Ranchi maintained with Axis Bank. Earlier ED has attached assets totalling to Rs 6.88 crore. Now including this attachment, the total attachment, in this case, is Rs 7 crore (approx.)," according to a release by ED.
"ED initiated investigations under PMLA on the basis of an FIR registered by the Central Bureau of Investigation (CBI) under section 120B read with section 420 of IPC, 1860 against M/s DOMCO Pvt. Ltd., its Promoters/Directors and other unknown persons for submitting false information with dishonest intention to the concerned authorities while applying for a captive coal block and securing the allocation of "Lalgarh (North)" coal block in West Bokaro Coalfield, Jharkhand and a pecuniary benefit of Rs. 7 Crores was obtained by accused Binay Prakash by offering to sell the shares of the company on premium, after allocation of the coal block to M/s DOMCO Pvt. Ltd., Ranchi," it said.
ED said that the investigation under PMLA revealed that accused Binay Prakash placed the proceeds of crime in the banking system and subsequently the amount was siphoned off/ routed/invested through the entities of Binay Prakash' Group-owned/controller by him.