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ED targets Corporate Power Ltd and promoters, attaches assets worth Rs 67.79 cr

Agency alleges company’s promoters’ actions led to loss of R4037cr to Union Bank of India

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The Enforcement Directorate (ED) has provisionally attached movable and immovable assets worth Rs 67.79 crore under the Prevention of Money Laundering Act (PMLA), 2002, in connection with a money-laundering case against Corporate Power Ltd and its promoters, Manoj Jayaswal, Abhijeet Jayaswal, Abhishek Jayaswal, and others.

According to the agency, the attached assets include bank accounts, land, buildings, flats, and commercial spaces spread across Maharashtra, Kolkata, Delhi, and Andhra Pradesh. These assets were allegedly acquired using proceeds of crime in the names of Jayaswal family members, shell companies controlled by them, and their close associate Santosh Jain, who is accused of helping launder the illicit funds.

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