Odisha mining scam: ED attaches assets worth Rs 484 crore

In July last year, the ED had registered a money laundering case in the Uliburu mining scam under provisions of the Prevention of Money Laundering Act.

Written by Debabrata Mohanty | Bhubaneswar | Updated: May 22, 2015 2:31 am
Odisha, Odisha mining scam, Enforcement Directorate, Multi crore mining scam, Uliburu mining scam, India latest news The ED was asked by the Special Investigation Team on black money headed by justice M B Shah to investigate cases of large-scale illegal mining.

In the first ever attachment of assets in the multi-crore mining scam, the Enforcement Directorate on Thursday attached properties worth Rs 484 crore of Uliburu mining scam accused Deepak Gupta and his family members.

In July last year, the ED had registered a money laundering case in the Uliburu mining scam under provisions of the Prevention of Money Laundering Act.

Gupta, the power of attorney holder of B K Mohanty, leaseholder of Uliburu iron ore and manganese mines in Keonjhar district, had illegally mined around 45.22 lakh tonnes of iron ore and manganese from outside the lease area. Between 2003 and 2010, Gupta had allegedly mined iron ore worth Rs 1776.37 crore and manganese ore worth Rs 59.08 crore.

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The state-level Enforcement Squad of mining and forest department later found that Gupta mined in the reserve forest area and village forest area and not within the lease area.

The ED was asked by the Special Investigation Team on black money headed by justice M B Shah to investigate cases of large-scale illegal mining.

In a separate case, ED officials Thursday attached properties worth Rs 84 crore belonging to chit fund company Artha Tatwa Group.  The property attached included over 100 acres of land, a flat in Patia and a farmhouse in Khordha district, Rs 2.37 crore  of bank deposits and shares worth Rs 2.75 crore.

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