New Delhi, Oct. 16 -- The Enforcement Directorate's (ED) Bangalore Zonal Office is conducting raids at twenty locations across Bangalore, Hospet, and Gurugram in connection with the illegal export of iron ore through Belekeri Port.
This action is part of an ongoing investigation under the Prevention of Money Laundering Act (PMLA), 2002, initiated by First Information Reports (FIRs) and charge sheets filed by the Central Bureau of Investigation (CBI), as directed by the Supreme Court.
The ED is targeting key players involved in the illegal trade, including MSPL Ltd (Baldota Group), Greentex Mining Industries Ltd., Srinivasa Minerals Trading Co., Arshad Exports, SVM Nett Project Solutions Pvt. Ltd., and Alphine Minmetals India Pvt. Ltd.
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