Mail News Service
Jamshedpur, Oct 28: The Enforcement Directorate (ED) has intensified its investigation into a bank scam amounting to Rs 4,037 crore by conducting raids in Jamshedpur on Monday. In a sweeping operation across five states, including Jharkhand, Maharashtra, West Bengal, Bihar, and Andhra Pradesh, the ED attached properties valued at approximately Rs 503.16 crore. These assets, both movable and immovable, are distributed across various locations within the mentioned states.
This latest action follows extensive raids conducted by the ED on July 18, which targeted 15 locations in five cities, including Jamshedpur, Delhi, Gurugram, Mahendragarh, and Bahadurgarh. The operation was initiated after the Central Bureau of Investigation (CBI) uncovered the bank fraud, prompting further scrutiny and investigation. FIRs were subsequently filed against multiple entities, including Delhi-based Allied Strips and its three directors, as well as Jamshedpur-based Engineers Firm and around nine other firms.
The attached properties include a range of assets such as bank balances, mutual funds, shares, and various plots of land and buildings. These assets are believed to be held under the names of Corporate Power Limited, Manoj Kumar Jaiswal, his family members, and several associated shell companies. The ED’s actions highlight the ongoing crackdown on financial irregularities and the agency’s commitment to bringing those responsible for the scam to justice.
