Enforcement Directorate Filed A Charge Sheet Against AR Buhari

Enforcement Directorate filed a charge sheet in a case related to the sale of substandard coal to PSU companies.

The Enforcement Directorate has filed a charge sheet in a special court in Chennai in a money laundering case related to the alleged sale of substandard coal to Public Sector Enterprises companies.

A charge sheet was filed against the main accused AR Buhari and six companies Coastal Energy Pvt Ltd Chennai, CNO DMCC Dubai, CNO LLC Dubai, Precious Energy Holdings Ltd, British Virgin Islands,  and Mutiara Energy Holdings Ltd Mauritius.

The matter pertains to the overvaluation of coal prices. As a result, the Public Sector Enterprises companies (PSUs) paid a higher price for the purchase of substandard coal.

Management and control of companies with Ahmed AR Buhari.

The Enforcement Directorate (ED) said that all the six accused companies are managed, controlled, and owned by Ahmed AR Buhari.

The court took cognizance of the charge sheet filed on April 29 under criminal sections of the Money Laundering Act (PMLA).

Enforcement Directorate filed a charge sheet in a case: Buhari diverted the proceeds of crime through various companies.

It is alleged that Buhari acquired property worth Rs 564.48 crore by exaggerating the price of coal.

Buhari diverted the proceeds of the crime through various companies and spent it on setting up a power plant by another company, Coastal Energen.

The ED had earlier attached land, plant, machinery, and other assets of Coastal Energy Pvt Ltd.

 Enforcement Directorate (ED) summons three businessmen in the coal smuggling case.

In another case, the Enforcement Directorate (ED) had summoned three businessmen close to Anoop Majhi alias Lala, the main accused in the coal smuggling case, to their headquarters in Delhi.

Sources said that notices were issued to Gurupad Maji, Narayan Nanda, and Jaydev Mandal in the past.