The Enforcement Directorate’s Kolkata Zonal Office has provisionally attached 20 immovable properties valued at Rs 31.30 crore under the Prevention of Money Laundering Act (PMLA), 2002. These assets, including residential properties and land parcels, were linked to the case involving Concast Steel & Power Ltd. and others. The properties are located in West Bengal, Uttar Pradesh, Uttarakhand, and Delhi.
The attached assets, held in the name of Sanjay Kumar Sureka and his associates, were used to conceal the Proceeds of Crime. The total value of attachments in this case has reached approximately Rs 777.1 crore. Additionally, the ED has filed a supplementary prosecution complaint against 63 new accused individuals and entities before the Special Court (PMLA) in Kolkata in connection with the ongoing money laundering probe involving M/s Concast Steel & Power Ltd.
The investigation revealed that M/s Concast Steel & Power Ltd., led by Sanjay Kumar Sureka, engaged in fraudulent activities to obtain credit facilities from banks. The company, along with its promoters and directors, allegedly diverted loan funds amounting to around Rs 6,210.72 crore, causing significant losses to banks and financial institutions. The ED’s probe uncovered a complex money laundering network orchestrated by Sureka through over 60 shell companies and entities controlled by him.
