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ED attached Rs 1.08-crore KIDCL assets in bitumen scam case in Jharkhand

Photo: Enforcement Directorate

New Delhi, July 2 (MNN) The Enforcement Directorate said on Friday that it has attached immovable properties valued at Rs 1.08 crore under PMLA pertaining to Kaushalya Infrastructure Development Corporation Ltd (KIDCL) in a bitumen scam case.

The ED had initiated investigation on the basis of an FIR registered by the CBI, Ranchi, alleging an mbezzlement of government money to the tune of Rs 1.08 crore.

ED investigation revealed that contracting company submitted 59 invoices purportedly issued by Hindustan Petroleum Corporation Ltd (HPCL}, Tatanagar, out of which only 33 invoices were found to be genuine.

The remaining 26 invoices covering procurement of 560.959 MT of bitumen worth Rs 1.08 crore were found to be fake/forged, the ED claimed.

These fake/forged invoices were dishonestly certified by the Engineers of RCD, Daltonganj which resulted in an undue payment of Rs 1.08 crore in a fraudulent manner to KIDCL.

Accordingly, immovable assets worth Rs 1.08 crore representing the proceeds of crime were duly identified in the name of KIDCL and attached provisionally under the Prevention of Money Laundering Act.

Further investigation is in progress.

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