The Supreme Court today quashed PMLA proceedings against JSW Steel Limited in relation to alleged illegal mining by mining companies owned by former Karnataka minister G. Janardhana Reddy.

A bench of Justice Dipankar Datta and Justice Augustine George Masih pronounced the judgment. " You are no more an accused in that ", Justice Masih said.

The case arises from proceedings initiated by the Directorate of Enforcement (ED) against JSW Steel under the Prevention of Money Laundering Act, 2002 (PMLA), in connection with the illegal mining case involving Obulapuram Mining Company (OMC) and Reddy, its owner.

Background

JSW Steel had entered into a contract with OMC on November 16, 2009, for supply of 1.5 million tonnes of iron ore to its Vijayanagar plant. The company paid ₹130 crore as adv

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