New Delhi, Oct 13 (UNI) The Enforcement Directorate’s (ED) Kolkata Zonal Office has attached movable and immovable properties worth Rs 133.09 crore in an ongoing investigation against Concast Steel and Power Ltd. (CSPL) and its promoter, Sanjay Sureka. The properties were seized on October 10.

The ED initiated its investigation under the Prevention of Money Laundering Act (PMLA) based on an FIR filed by the Central Bureau of Investigation, Bank Securities and Fraud Branch (BSFB), Kolkata.

The FIR accused CSPL and its directors/promoters of defrauding banks and financial institutions of Rs 6,210.72 crore through fraudulent activities, including fund diversion and siphoning, submission of inflated stock statements, and balance sheet manipulation.

The investigation established that Sanjay

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