- Enforcement Directorate (ED) has registered a money laundering case on Mr.P.K.Jain who is an iron ore exporter he is allegedly operated the Chaibasa area of West Singhbhum
- Justice M.B.Shah’s commission of Inquiry has reported illegal mining in Jharkhand, Odisha and Goa, ED has already registered two separate cases under the Prevention of Money Laundering Act (PMLA)
- Agency is collecting relevant document to calculate the money generated through illegal mining and the proceeds of crime so identified would be attached under PMLA provision
- The first interim report has been submitted by the commission of Inquiry in November 2010 to probe illegal mining of iron ore and manganese ore in country, reports on Goa and three parts, illegal mining in Odisha and another exhaustive report on illegal mining activities in Jharkhand
- The Jharkhand report is yet to be tabled in the Parliament and in the report the commission is learnt to have recommended that the violators in Jharkhand be made to cough up Rs. 14,403 crore for illegal iron ore mining and Rs. 138 crore for illegal manganese ore extraction
- Read at: http://www.thehindu.com/todays-paper/tp-national/moneylaundering-case-against-iron-ore-exporter/article6261891.ece