ED seizes ₹503.16 crore assets linked to ₹4,037 crore Corporate Power Limited bank fraud.

The Enforcement Directorate (ED) has seized assets worth ₹503.16 crore linked to a ₹4,037 crore bank fraud involving Corporate Power Limited and its promoters, including Manoj Jayaswal. The assets, located in Maharashtra, West Bengal, Bihar, Jharkhand, and Andhra Pradesh, include bank balances, mutual funds, and properties. The case stems from an FIR by the Central Bureau of Investigation for alleged criminal conspiracy and cheating under the Prevention of Money Laundering Act.

October 28, 2024
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