ED Freezes Assets worth Rs 245 crore in STC Fraud Case


The Enforcement Directorate (ED) has frozen assets worth Rs 245 crore in connection with its money laundering probe in the alleged fraud of Rs 2,200 crore with the State Trading Corporation (STC). 

The agency had early this year registered a criminal case under the Prevention of Money Laundering Act (PMLA) against Ms Global Steel Holding Limited, its chairman Pramod Kumar Mittal and others based on an FIR by the CBI. 
Source- The Economic Times