Uliburu mining case: ED seizes assets worth Rs 380 crore from Kolkata companies

Factories, land and buildings of Deepak Steel and Power Limited, Deepak Steel and Snehapushpa Marketing Private Limited in Kolkata have been seized. The ED has seized Rs 9 crore in cash deposited in 20 bank accounts — spread over Kolkata and Bhubaneswar in Odisha — of these companies. The raids continued till late on Thursday.

In July last year, ED had registered a case under Prevention of Money Laundering Act against the group. Based on the report of the Justice M B Shah Commission, which was probing the mining scam, an investigation was started with the Odisha vigilance department.

[related-post]

Sources said the seizure is a part of the anti-corruption drive of the Centre.

While the ED is at present investigating all illegal mining cases in Odisha, this is the first such seizure made in the case. It will start the process of attaching the assets of these companies soon, said a source.