ED Attaches Assets Worth Rs. 159.51 Crore of Shyam Group in Illegal Coal Mining Case

By Bijay Mishra
New Delhi , 16-4-26

Directorate of Enforcement (ED) has attached assets worth Rs. 159.51 Crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 in connection with  large-scale illegal coal mining and pilferage  case . 

Illegal mining operations were carried out by a syndicate led by Anup Majee, also known as “Lala.” Certain beneficiary companies  including “ Shyam Group”managed and controlled by Sanjay Agarwal and Brij Bhushan Agarwal.” were found to have knowingly purchased illegally excavated coal in cash, thereby assisting in the concealment and projection of Proceeds of Crime as legitimate. 

The syndicate was engaged in illegal excavation and widespread coal pilferage, distributing the coal to multiple factories  to several companies.