Bhushan Steel: More Trouble For Neeraj Singhal As ED Likely To File Fresh Complaint
  • WebDesk BTVI
  • Jul 18 2019

More trouble for Neeraj Singhal, former promoter of Bhushan Steel, as the Enforcement Directorate (ED) is likely to file a fresh complaint against the company. The authority is studying the SFIO report on Bhushan Steel, which unearthed fraudulent misuse of Letter of Credits (LoCs) to the tune of around Rs 45,000 crore. SFIO probe showed 150 Web companies were used to launder money. SFIO had filed a chargesheet in Bhushan Steel matter earlier this month.