New Delhi, Oct 7 (UNI) The Supreme Court today quashed proceedings initiated against JSW Steel Limited under the Prevention of Money Laundering Act (PMLA), 2002, in the alleged illegal mining operations of former Karnataka minister G. Janardhana Reddy and his company, Obulapuram Mining Company (OMC).

A bench comprising Justice Dipankar Datta and Justice Augustine George Masih delivered the verdict, bringing relief to the steel major. “You are no longer an accused in that,” Justice Masih remarked while pronouncing the judgment.

The case stemmed from Enforcement Directorate (ED) proceedings against JSW Steel, arising out of investigations into illegal mining activities involving OMC and Reddy.

JSW Steel had entered into a commercial contract with OMC on November 16, 2009, for the supply

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