ED files additional chargesheet in Bhushan Steel case
(This story originally appeared in on Mar 27, 2024) With the fresh supplementary chargesheet, the total number of accused in the case has touched 156.
The Enforcement Directorate (ED) has filed a supplementary prosecution complaint (equivalent to a chargesheet) in the misappropriation of funds by Bhushan Steel and Bhushan Energy involving its former promoters, Brij Bhushan Singal and Neeraj Singal, among others.
The agency has made the kin of Brij Bhushan and Neeraj Singal accused in the supplementary chargesheet besides other individuals and companies used to allegedly siphon off crores of funds borrowed from banks. These include eight companies allegedly used by Neeraj Singal for siphoning off funds. With the fresh supplementary chargesheet, the total number of accused in the case has touched 156.
The son, daughter and son-in-law of Brij Bhushan have been made accused in the case by the federal agency. The agency has alleged that the trio received INR 91.93 crore from Brij Bhushan Singal and Neeraj Singal, of which INR 80.8 crore was diverted from the coffers of Bhushan Steel, said people in the know.
As part of its ongoing money-laundering probe, the agency had summoned 18 individuals, including the three, in January this year. The agency recorded the statements of all the 18 co-accused under Section 50 of the Prevention of Money Laundering Act (PMLA) which is admissible in a court of law.
ED attaches assets worth INR 367 crore in Bhushan Steel 'bank fraud' case
The agency also seized
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