The Enforcement Directorate (ED) has attached assets worth ₹159.51 crore in connection with its probe into alleged illegal coal mining and transportation in West Bengal.
The investigation has revealed that a syndicate led by Anup Majee, also known as Lala, was involved in large-scale illegal coal mining and pilferage in Eastern Coalfields Limited (ECL) leasehold areas.
The syndicate used an illegal transport challan system, fake tax invoices, and an underground hawala network to transfer Proceeds of Crime in cash, bypassing formal banking channels.
ED has also attached assets worth ₹482 crore in the case, including investments in corporate bonds and alternate investment funds held in the names of beneficiary entities.
The agency is investigating political consultancy firm I-PAC, which allegedly raised bogus invoices to justify receiving funds from multiple third-party entities without rendering any actual consultancy or professional services.
