ED action against Bhushan Power assets vindicates JSW Steel’s fears1 min read . Updated: 13 Oct 2019, 01:30 PM IST
- ED on Saturday attached assets worth ₹4,025 crore of BPSL in connection with an alleged bank loan fraud
- JSW Steel had in September moved NCLAT seeking immunity from criminal proceedings in the ongoing bank fraud investigation against erstwhile promoter of BPSL
After the Enforcement Directorate (ED) attached assets of Bhushan Power and Steel (BPSL) Ltd in an alleged bank fraud, JSW Steel Ltd said the probe agency’s action has vindicated its stand to seek immunity from criminal proceedings in the ongoing probe.
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