ED detained coal businessman from Hazaribag, Jharkhand .

On Tuesday, the Enforcement Directorate arrested coal trader Izhar Ansari from his Militant Colony residence in Hazaribag. The trader was detained after ED detectives raided the alleged domain for the second time. The vigilant agency conducted search operations on three locations related to Ansari. The investigation agency had earlier raided the house first time on March 03, 2023. The cash around Rs 3 crore was recovered in the raid from the house. The Businessman was associated with the coal business since 1981-82.

He was taken into custody under the provisions of the Prevention of Money Laundering Act [PMLA] from Jharkhand’s Hazaribag district around 8 pm.

As per the sources, the probe pertains to a money laundering investigation linked to alleged irregularities in the coal trade.

Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel

Read Also : CONCOR partnership with RHS Dubai will Boost Global Logistics Connectivity

NIA investigations stated the criminal cases are registered against the accused in Jharkhand, Bihar and Odisha. Almost all of them are related to murders, abductions, threats, extortion, and raising funds for the PLFI, a militant Maoist outfit formed in 2007.

The Directorate of Enforcement is a domestic law enforcement agency responsible for enforcing economic laws and fighting economic crimes in India.

Read Also : Mukesh Singh Verma gives his resignation as CCO and Principal Officer of Utkarsh Small Finance Bank

It primarily focuses on investing and prosecuting cases related to money laundering, foreign exchange violations and economic offences. It is part of the Department of Revenue, Ministry of Finance.

Read Also : NLC India Limited celebrates 77th birthday of one of India’s most iconic visionaries Dr. A. Sivathanu Pillai