ED, Nagpur has provisionally attached movable and immovable assets located at various places across Maharashtra, West Bengal, Bihar, Jharkhand and Andhra Pradesh valued at Rs. 503.16 Crore in a bank fraud case of M/s Corporate Power Limited and their Promoters/ Directors Manoj Jayaswal, Abhijeet Jayaswal, Abhishek Jayaswal and others under the provisions of PMLA, 2002 on 24.10.2024. The attached properties include bank balances, mutual funds, shares, various landed properties and buildings acquired in the name of various shell companies apart from that of M/s Corporate Power Limited and the family members of Manoj Kumar Jayaswal and others. Total attachment/ seizure in this case till date is stands at Rs.727 Crore (approx.)

"On "28/10/2024", the "Enforcement Directorate (ED)" issued an update regarding "ED, Nagpur has provisionally attached movable and immovable assets located at various places across Maharashtra, West Bengal, Bihar, Jharkhand and Andhra Pradesh valued at Rs. 503.16 Crore in a bank fraud case of M/s Corporate Power Limited and their Promoters/ Directors Manoj Jayaswal, Abhijeet Jayaswal, Abhishek Jayaswal and others under the provisions of PMLA, 2002 on 24.10.2024. The attached properties include bank balances, mutual funds, shares, various landed properties and buildings acquired in the name of various shell companies apart from that of M/s Corporate Power Limited and the family members of Manoj Kumar Jayaswal and others.

The investigation was initiated based on an FIR registered by CBI against M/s Corporate Power Limited and its Promoters/ Directors for offences of Criminal Conspiracy, Cheating and Forgery. An earlier search operation at various locations in Nagpur, Kolkata, and Visakhapatnam had resulted in the seizure of incriminating documents and frozen Proceeds of Crime worth Rs 223.33 Crore."