ED attaches 7 sugar mills worth Rs 1097 cr in PMLA case against ex-BSP MLC Mohd Iqbal

The Enforcement Directorate (ED) on Tuesday attached seven sugar mills worth over Rs 1097 crore in a money laundering case against UP BSP leader and former MLC Mohd. Iqbal and his family members, officials said.

The Enforcement Directorate (ED) on Tuesday attached seven sugar mills worth over Rs 1097 crore in a money laundering case against UP BSP leader and former MLC Mohd. Iqbal and his family members, officials said. The Serious Fraud Investigation Office (SFIO), Ministry of Corporate Affairs, Delhi had initiated an investigation into the acquisition of assets through illegitimate means in 2010-2011 ex MLC of Saharanpur Mohd. Iqbal and others. During the investigation, according to officials, two shell companies - Namrata Marketing Pvt. Ltd and Giriasho Company Pvt. Ltd. - were under the control of Mohd. Iqbal and family members which participated in the bidding process of disinvestment of sugar mills of the UP government during 2010-11.