Coal Scam Money Laundering Case filed against Jindal and Dasari Congress MP

Coal Scam Money Laundering Case filed against Jindal and Dasari Congress MP

TOI and Hindu  reported that Enforcement Directorate (ED) has registered a case under Prevention of Money Laundering Act (PMLA) against Congress MPs Dasari Narayana Rao and Naveen Jindal in connection with the coal blocks allocation case.

The case has been registered in connection with transfer of Rs 2.25 crore to Rao's media company by Jindal as an alleged quid pro quo for allocation of coal blocks to Jindal Steel in Jharkhand in 2008.

At that time, Rao was minister of state in the coal ministry.
The case has been registered based on the 12th FIR by CBI in the coal scam in which it has booked Rao and Jindal among others.

Following are the names of other accused in the case
Gagan Sponge Iron Pvt Ltd,
Jindal Steel and Power Limited (JSPL),
Jindal Realty Pvt Ltd, New Delhi Exim Pvt Ltd
Rao-owned Sowbhagya Media Ltd.

According to the ED case, firms owned by Rao received Rs 2.25 crore camouflaged as investment from one of Jindal's firms within a year of allocation of a coal block to him.

The money was 'invested' through multi-layered transactions that involved various companies.

Suggested Reading –

Laundering case slapped on Cong MPs Dasari and Jindal

Coal scam: ED files laundering case against Rao, Jindal


Reality views by sm –

Tuesday, May 06, 2014

Tags - Jindal Jspl Money Laundering