Friday, December 18, 2015

Coal scam: ED attaches assets of ex-Coal Minister Dasari Rao

Latest: Corruption and Money Laundering.



The Enforcement Directorate (ED) on Monday attached assets worth about Rs 2 crore of former Coal Minister Dasari Narayana Rao in connection with its money laundering probe in the coal blocks allocation scam case.
Sources said an order for attachment of two vehicles, a few fixed deposit receipts worth Rs 50 lakh and a residential premise of Rao, a Minister of State (MoS) in Manmohan Singh's cabinet, was issued by the agency under the Prevention ofMoney Laundering Act (PMLA).
"The estimated value of the said assets is about Rs 2 crore," sources said.

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