The Enforcement Directorate (ED) in Nagpur has attached assets worth Rs 503.16 crore belonging to M/s Corporate Power Limited and its key promoters and directors in an ongoing bank fraud investigation. The action, taken on October 24, 2024, targets Manoj Jayaswal, Abhijeet Jayaswal, Abhishek Jayaswal, and other associated individuals.
The provisionally attached assets span Maharashtra, West Bengal, Bihar, Jharkhand, and Andhra Pradesh, comprising both movable and immovable properties. They include bank balances, mutual funds, shares, and a range of properties acquired through shell companies, as well as assets registered under family members of the Jayaswal group. The attachment is carried out under the Prevention of Money Laundering Act (PMLA), 2002.
With this recent attachment, the total seized assets in the case now amount to approximately Rs 727 crore, marking a substantial escalation in the ED’s probe into alleged financial misconduct by Corporate Power Limited and its associates.