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ED attaches Rs 101-cr assets in Chhattisgarh coal block allocation case

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New Delhi, July 13 (IANS) The Enforcement Directorate (ED) has attached fresh assets worth Rs 101 crore of Maharashtra-based Jayaswal Neco Industries Ltd as part of its probe against the company which is accused of fraudulently obtaining Gare Palma Coal Sub Block IV/6 allocation, an agency official said on Friday.

The agency attached the office and factory building worth Rs 80 crore at integrated steel plant of Jayaswal Neco Industries Ltd in Siltara area of Raipur in Chhattisgarh and land worth Rs 21 crore at another steel plant in the state’s Bilaspur.

The ED had also attached assets worth Rs 208 crore of its Dagori Integrated Steel Plant in Chhattisgarh in June 2017.

“Benefit to the extent of Rs 101 crore accrued to Jayaswal Neco Industries in the form of fresh share capital attributable to allocation of Gare Palma Coal Sub Block IV/6, which has been obtained through criminal conspiracy, fraudulent means, and committed misappropriation of natural resources by criminal activity relating to scheduled offence,” an ED statement said.

The ED is probing the case under the Prevention of Money Laundering Act on the basis of a Central Bureau of Investigation (CBI) FIR registered against the company for obtaining the coal block allegedly through fraudulent means.

The CBI FIR alleged that the company obtained the coal block allocation by making misrepresentation of facts and it also resorted to illegal use of coal mined in their captive power plant (CPP) without any permission from Central government.

The CBI has already filed a chargesheet in the case.

“As per allocation letter, the company had to wash the coal in a washery to 20 per cent ash level and the middling/ rejects produced during the process to be used in its CPP. However, the coal was used directly in their sponge iron plant and CPP, without setting up a washery or without any approval for its use in the CPP directly,” the ED statement said.

In its investigation, the Directorate said it had found that Jayaswal Neco Industries extracted 3.8 million tons of coal during 2006-2015 from Gare Palma Coal Sub Block IV/6.

Further, the company had infused huge capital by issuing a large number of fresh shares for the purpose of funding the implementation of ongoing expansion projects including integrated steel plant and mine development, said the statement.

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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