ED arrestsex-director of Koilwar sand mining co.

Madan Kumar / Sep 21, 2024, 04:39 IST

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ED arrestsex-director of Koilwar sand mining co.

Patna: The Patna zonal office of Enforcement Directorate (ED) has arrested Punj Kumar Singh, former director and syndicate member of a Koilwar-based sand mining company, for alleged offences of money laundering related to illegal mining, the central agency said on Friday.
Singh, who has been evading ED’s summonses, not joining investigation since March, was arrested on Thursday under the provisions of Prevention of Money Laundering Act, 2002, after his residential premises were searched by the central agency.“It is the 10th arrest in a money laundering case linked to a probe into illegal sand mining in south Bihar,” the ED said, adding it attached seven immovable properties to the extent of Rs 93.84 crore.
The ED initiated investigation on the basis of 20 FIRs registered by the state police under various sections of IPC and Bihar Mineral (Concession, Prevention of Illegal Mining, Transportation & Storage) Rule, 2019, against Koilwar-based Broad Son Commodities Private Ltd and others.
“It is alleged that Broad Son Commodities Ltd has been involved in illegal sand mining and selling without using the departmental prepaid transportation e-challan, issued by the state’s mining authority, and has caused huge revenue loss to the extent of Rs 210.68 crore to the govt exchequer,” the ED said in a statement on Friday.
The ED investigation revealed that the illegal sale of sand and its mining was mainly controlled by a syndicate.

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