The Enforcement Directorate’s (ED) ongoing investigation into a high-profile money laundering case took a major turn when Hazaribagh-based coal businessman Izhar Ansari was arrested for questioning.
RANCHI In a significant development, prominent coal entrepreneur Izhar Ansari of Hazaribagh has been taken into custody by the Enforcement Directorate (ED).
Ansari’s Hazaribagh home was raided by the ED, leading to the arrest.
On January 16, this operation took place as a component of a bigger inquiry investigating irregularities in coal linkage.
Allegations that Ansari engaged in illicit coal trafficking through a number of shell firms are the basis for the ED’s action.
Additionally, he is accused of assisting illegal financial transactions with the assistance of suspended IAS official Pooja Singhal.
Suspicions of financial impropriety were heightened when over Rs 3 crore in cash was found during the raid at Ansari’s premises earlier in March 2023.
According to the most recent events, Ansari was brought before a Ranchi special court by the ED in accordance with the Prevention of Money Laundering Act (PMLA).
Recognising the seriousness of the accusations, the judge allowed the ED to question Ansari for six days.