Home >Companies >News >ED attaches Deccan Chromates’ properties worth Rs4.79 crore
A screen grab of ED website.
A screen grab of ED website.

ED attaches Deccan Chromates’ properties worth Rs4.79 crore

PCB had filed a complaint against Deccan Chromates over storing hazardous waste in its premises

Hyderabad: The Enforcement Directorate (ED) has attached properties worth Rs4.79 crore of M/s Deccan Chromates Limited in connection with letting out hazardous waste into a fresh water stream without sending it to treatment storage disposal facility.

Pollution Control Board had filed a complaint before the Court of Judicial First Class Magistrate at Miryalaguda in Nalgonda district of Telangana alleging M/s Deccan Chromates Ltd represented by its managing director, Cherukuri Kutumba Rao, stored 40,000 MTs of hazardous waste in its premises, which was ought to have been disposed off to the Treatment Storage Disposal Facility.

However, Deccan Chromates Ltd had committed offence by non-complying the directions of PCB under Water (Prevention and Control of Pollution) Act, 1974 and the Environment (Protection) Act 1986 and resorted to letting off the poisonous waste to the nearby fresh water stream, thereby caused enormous damage to the public health and environment and water resources, ED Hyderabad Zonal Office joint director K.S. V. V. Prasad, said in a statement on Saturday.

Investigations under PMLA by the ED revealed that the company had generated hazardous waste and the same was not sent to Treatment Storage Disposal Facility for treatment and thereby saved an amount of Rs5 crore and that such hazardous waste was allowed to flow in the fresh water stream and there by caused enormous damage to the environment, he said.

During the investigation under PMLA, the proceeds of crime were identified in the form of immovable properties and based on the concept of equivalent value of proceeds of crime, in total, four immovable properties having total value of Rs4.79 crore held by Kutumba Rao and others were attached, he said.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperMint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news.

Edit Profile
My Reads Redeem a Gift Card Logout