The Bhubaneswar branch of the Directorate of Enforcement (ED) conducted searches at 12 locations in Bhubaneswar, Barbil, Rourkela, and Kolkata, under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. These searches targeted the premises of M/s Deepak Steel and Power Ltd, M/s Snehapusph Marketing (P) Ltd, their directors, and other individuals involved in connection with an alleged illegal iron ore mining scandal in Joda, Keonjhar District, Odisha.
During the search operation, the ED reported the seizure of Indian currency amounting to Rs 30 lakh, gold bullion weighing 2 kg valued at Rs 1.24 crore, a Volvo XC40 Car, digital devices, and incriminating documents on Saturday.
Furthermore, a freezing order was issued to two banks, resulting in the freezing of a balance of Rs 1.23 crore in six bank accounts associated with the directors of the accused companies.
