THE TIMES OF INDIA Hyderabad
ED seizes Bauxite lease files, to slap PMLA case
Edited by : AL CIRCLE
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Enforcement Directorate officials on Monday took possession of important files relating to the mining leases granted to companies from the state Secretariat.
While taking over 22 such important files, the ED team led by deputy director N Sridhar met chief secretary S V Prasad and informed him that they are all set to file a case under the Prevention of Money Laundering Act (PMLA).
Among the files that were taken by the ED were those relating to the exemption of seigniorage fee (a form of tax) given to bauxite lease over an extent of 85 hectares in Jerella Block-1, Visakhapatnam, in favour of AP Minerals Development Corporation.
While taking over 22 such important files, the ED team led by deputy director N Sridhar met chief secretary S V Prasad and informed him that they are all set to file a case under the Prevention of Money Laundering Act (PMLA).
Among the files that were taken by the ED were those relating to the exemption of seigniorage fee (a form of tax) given to bauxite lease over an extent of 85 hectares in Jerella Block-1, Visakhapatnam, in favour of AP Minerals Development Corporation.
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