ED Raid Dhanbad Coal Mafia The Enforcement Directorate (ED), Ranchi Zonal Office, executed a major nationwide crackdown under the Prevention of Money Laundering Act (PMLA) targeting prominent coal traders, outsourcing operators, and political figures in Dhanbad, Jharkhand. The searches focused on prominent coal trader and outsourcing firm Dev Prabha Company owner LB Singh, businessman Anil Goyal, JMM leader Harendra Chauhan, and several associates accused of running illegal coal mining, smuggling, and extortion networks.
ED Raid Dhanbad Coal Mafia – ₹160 Crore Mutual Funds Frozen and Cash Recovered
During extensive search operations across 31 locations, ED investigators uncovered and froze mutual fund investments worth nearly ₹160 crore held by coal trader LB Singh. Officials also seized ₹1.02 crore in unaccounted cash alongside incriminating documents detailing over 200 immovable properties suspected to have been acquired using proceeds of crime. Multiple digital storage devices, bank account ledgers, and financial logs belonging to controlled entities were taken into custody for forensic evaluation.
ED Raid Dhanbad Coal Mafia – Layering Illegal Proceeds Through Multiple Entities
According to the ED, the probe stems from multiple state police FIRs and filed chargesheets involving illegal coal lifting, theft, extortion, and forced levy collection across Dhanbad and adjoining mining districts. Financial investigation revealed that accused individuals created a complex web of shell entities, relatives, and associates—including Ganesh Yadav, Pappu Mandal, Rohit Yadav, and Madho Singh—to layer illegal proceeds and portray criminal earnings as legitimate business income.
ED Raid Dhanbad Coal Mafia – Follow-Up to Multi-State Searches in Coal Belt
The latest enforcement actions follow previous mega-search operations conducted across Jharkhand and West Bengal targeting illegal coal pilferage networks. Federal agency officials reiterated that investigations into money laundering, tax evasion, and illegal mining contracts remain ongoing, with further asset attachments and operational freezes expected in the coming weeks.
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