ED seizes ₹58.34cr assets from Ritu Singal in probe
The Enforcement Directorate (ED) has grabbed assets worth ₹58.34 crore from Ritu Singal, wife of former Bhushan Steel boss Neeraj Singal, as part of a big money laundering probe.
The haul includes land, part of a house in Indore, and things like shares and bank balances.
This move is the latest step in investigating how Bhushan Steel's funds were handled.
SFIO alleges ₹11,446.73cr loss to lenders
It kicked off after the Serious Fraud Investigation Office (SFIO) complained that Neeraj Singal and others moved company money around using shady deals, leading to financial institutions losing ₹11,446.73 crore.
Investigators also found zinc meant for Bhushan Steel was sold off the books for unaccounted cash, which was then used to fake capital gains.
Earlier, the ED had already attached more assets and filed complaints against the Singals as part of this ongoing case.