ED attaches assets worth Rs 72 crore of private firm in coal block cases

The Enforcement Directorate (ED) has attached properties worth Rs 72 crore of a private firm in connection with coal block cases.

The Enforcement Directorate (ED) has attached movable and immovable properties worth Rs 72 crore of a private firm in connection with coal block cases, officials said. The financial probe agency said Visa Power Limited had got the allotment of Fatehpur Coal Block and Fatehpur East Coal Block done in 2007 by false declaration of the net worth of the principal company Vida Minmetal AG, Switzerland, in its feedback form. The firm also allegedly misrepresented the capacity of its end-use plant as 1000 MW.