Overview
- Vinesh Chandel, arrested Monday in Delhi, was remanded to 10 days of ED custody after a late-night hearing that stretched into early Tuesday.
- The ED alleges I-PAC moved about ₹50 crore using bogus invoices, unsecured loans, third-party payments and cash sent through domestic and international hawala networks.
- Investigators say the laundering probe tracks back to a Delhi Police FIR tied to a 2020 CBI case on coal pilferage at Eastern Coalfields Ltd mines in Kunustoria and Kajora.
- The agency has attached another ₹160 crore in assets in the coal case, taking total attachments to about ₹482.22 crore, including holdings linked to Shyam Group companies.
- Fresh summons went to I-PAC associates, including the wife and brother of director Pratik Jain, as TMC leaders denounced the actions as election-time pressure before the two-phase vote.