Overview

• The Enforcement Directorate provisionally attached movable and immovable assets valued at about Rs 106.36 crore to Goel on July 9 in its money laundering investigation.
• On July 11 the ED filed a supplementary prosecution complaint before a Special PMLA Court in Kolkata against Goel, his family members and close aides.
• Goel was arrested in Delhi on May 16 over accusations that he approved a Rs 6,210.72 crore loan to Concast Steel & Power Ltd in exchange for bribes.
• Investigators allege he channeled kickbacks through a network of nine shell companies with cross-holdings and layered the funds to mask their illicit origin.
• This action builds on previous ED seizures totaling over Rs 612 crore, including about Rs 510 crore in assets linked to CSPL and its promoter Sanjay Sureka.