1 month ago
ED Seizes ₹600 Crore in Dhanbad Coal Crackdown
The Enforcement Directorate, a government agency, raided more than 30 places in Dhanbad, a coal‑rich city in India.
They found a lot of hidden money and property that people were using to hide the profits from illegal coal mining.
The agency froze about ₹160 crore in mutual‑fund shares and took over ₹1 crore in cash.
They also seized documents and digital devices that could show how the money was moved.
The goal is to stop the coal mafia and make sure the money is not used for bad things.
ED raided over 30 sites in Dhanbad, uncovering ₹600 crore in assets
₹160 crore in mutual‑fund investments were frozen and ₹1.02 crore in cash seized
Investigators recovered documents for about 200 properties worth ₹500‑600 crore
Key suspects include BCCL contractor Lal Babu Singh and coal trader Anil Goyal
The operation is part of a broader probe into coal‑mafia networks across Jharkhand and West Bengal
- Who
- Enforcement Directorate, BCCL outsourcing contractor Lal Babu Singh, coal trader Anil Goyal, and other alleged coal traders
- What
- Simultaneous raids uncovered over ₹600 crore in assets, including cash, mutual funds, and property linked to illegal coal mining and money laundering
- Where
- Dhanbad, Jharkhand (Saraydhela, Katras, Jharia, Bank More) and related locations
- When
- Raids began on a Monday and concluded shortly thereafter
- Why
- To enforce the Union Home Ministry’s zero‑tolerance policy against coal theft and illegal mining
Key facts
- Assets seized
- ₹600 crore
- Mutual funds frozen
- ₹160 crore
- Cash seized
- ₹1.02 crore
- Properties recovered
- ≈200
- Estimated property value
- ₹500‑600 crore
Quotes
Enforcement Directorate official
Senior officer of the Enforcement Directorate
“Investigators recovered documents relating to nearly 200 properties, including plots, commercial complexes and mining shares, with a value ranging between ₹500-₹600 crores”
wionews.com
“The raids were conducted by the ED's Ranchi Zonal Office across 25 locations in Jharkhand, uncovering more than ₹600 crore worth of assets”
wionews.com
Sources
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