New Delhi (Economy India): The Enforcement Directorate (ED) has attached assets worth approximately ₹58 crore belonging to Ritu Singhal, wife of former Bhushan Steel promoter Neeraj Singhal, in connection with an alleged money laundering case involving the diversion of funds.
The federal agency announced the action on Thursday, stating that the attachment was carried out under the provisions of the Prevention of Money Laundering Act (PMLA).
Assets Worth ₹58 Crore Attached
According to the ED, the attached assets include:
- A land parcel in Indore, Madhya Pradesh
- A share in a residential property
- Equity shares held in the name of Ritu Singhal
- Bank deposits linked to her
The total value of the attached assets is estimated at around ₹58 crore.
| Particular | Details |
|---|---|
| Agency | Enforcement Directorate (ED) |
| Asset Value | Approximately ₹58 Crore |
| Person Concerned | Ritu Singhal |
| Related To | Former Bhushan Steel promoter Neeraj Singhal |
| Assets Attached | Land, residential property share, equity shares, bank deposits |
| Law Invoked | Prevention of Money Laundering Act (PMLA) |
Money Laundering Probe
The action is part of an ongoing investigation into allegations of diversion and misuse of funds associated with the former promoters of Bhushan Steel.
The ED is examining financial transactions and asset holdings under the PMLA as part of its broader probe into the case.
Economy India Insight
The latest attachment underscores the Enforcement Directorate’s continued scrutiny of high-value corporate fraud and money laundering cases. Such actions are aimed at preserving assets believed to be linked to proceeds of crime while investigations continue under the applicable legal framework.
(Economy India)
