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ED Registers PMLA Case Against Ex-textile Minister Shankarsinh Vaghela In NTC Land Scam
ED) on Wednesday registered a money laundering case against former textile minister Shankarsinh Vaghela and others for illegal transfer of NTC land causing loss of Rs 709 crore to the government.

Enforcement Directorate (ED) on Wednesday registered a money laundering case against former textile minister Shankarsinh Vaghela and others for illegal transfer of NTC land causing loss of Rs 709 crore to the government.

Earlier in June 2015, the Central Bureau of Investigation (CBI) had registered an FIR against Vaghela and six others including the then Chairman-cum-Managing Director of National Textile Corporation (NTC) for sale of prime property in Mumbai allegedly at “throwaway prices” to a private company.

According to reports, said FIR has been registered against Vaghela, former NTC CMD Ramachandran Pillai, and others for allegedly causing a Rs 709 crore loss to the exchequer through the sale of NTC land in Parel.