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Assets worth ₹73 crore attached in two coal block cases
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False declaration of net worth, irregularity in allocation cited as reasons
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False declaration of net worth, irregularity in allocation cited as reasons
The Enforcement Directorate has attached assets worth ₹73 crore in connection with two coal block cases.
In the first case, Visa Power Limited had got the Fatehpur Coal Block and Fatehpur East Coal Block in 2007 allegedly by false declaration of the net worth of principal company, Vida Minmetal AG, Switzerland, and by misrepresenting the capacity of its end-use plant.
Before the cancellation of the coal block allotment in September that year, over ₹200 crore was infused in the company. The funds were used for project development, including land purchase in Odisha and Chhattisgarh, said the agency. Based on the findings, assets worth about ₹72 crore have been attached. ....

Uttar Pradesh , Mk Patel Exim , Pushpesh Kumar Baid , Vini Iron Steel Udyog , Shree Ganesh Jewellery House , Visa Power , Enforcement Directorate , Visa Power Limited , Fatehpur Coal Block , Fatehpur East Coal Block , Vida Minmetal , Vini Iron , Steel Udyog Limited , Rajahra East Coal , Rolling Mills , New Dekhi , Coal Block Cases , உத்தர் பிரதேஷ் , ம்ஸீ படேல் எக்ஷீம் , வினி இரும்பு எஃகு உதியோக் , ஸ்ரீ கணேஷ் அணிகலன்கள் வீடு , விசா பவர் , அமலாக்கம் இயக்குநரகம் , விசா பவர் வரையறுக்கப்பட்டவை , விதி நிலக்கரி தொகுதி , விதி கிழக்கு நிலக்கரி தொகுதி ,