ED attaches Rs. 1,023 crore assets in India, Singapore in Goa illegal mining case
The Enforcement Directorate (ED) has provisionally attached assets worth ₹1,023 crore located in India and Singapore as part of its ongoing investigation into an alleged illegal iron ore mining and export case linked to Goa. The action was taken under the Prevention of Money Laundering Act (PMLA) and is among the agency’s largest asset attachment exercises in a mining-related case.
According to the ED, the attached properties include a range of movable and immovable assets connected to entities and individuals suspected of benefiting from proceeds generated through illegal mining activities.
Investigators believe the accused illegally extracted and exported iron ore, causing substantial losses to the government while generating significant unlawful gains.
The agency has alleged that the proceeds were subsequently routed through various financial channels, including overseas entities, to conceal their origin.
The case is part of a broader crackdown on illegal mining and money laundering activities that have long been under scrutiny in Goa and Karnataka. The ED said its investigation is continuing and further action may follow based on evidence gathered during the probe.
The attachment is intended to prevent the disposal or transfer of assets that are suspected to be linked to proceeds of crime.
