According to ETAuto's new supplementary charge sheet, there are 156 accused in the case. The Enforcement Directorate (ED) has filed a supplementary chargesheet (same as the chargesheet) against Bhushan's Bhushan Steel and Bhushan Energy for alleged misappropriation of funds, including former promoters Brij Bhushan Singal and Neeraj Singal.

In its supplementary chargesheet, the agency has listed the names of individuals and companies in which Brij Bhushan and Neeraj Singal were involved in misappropriating funds of Rs 100 crore borrowed from banks by 100 relatives and other kin. This includes eight companies of Nerajj Singal who are suspected to have misappropriated the funds. With the new additional indictments coming into effect, the number of accused has increased to 156.

Brij Bhushan His son, daughter and son-in-law have been charged by the federal agency in the case. According to sources close to the matter, the agency said that the trio from Brij Bhushan Singal and Neeraj Singal got Rs. 919.3 80.8 crore out of which Rs. 80.8 crore Bhushan got from the treasury of Bhushan Steel.

As part of an ongoing money laundering probe, the agency in January summoned 18 people including these three. All 18 were recorded under section 50 of the Prevention of Money Laundering Act (PMLA) and the statements of the co-accused were admissible in court.

ED Bhushan 'bank fraud' case seized worth 36.7 The agency is still in New Delhi-Rs 500 crore steel assets of Dai Kailash II Neeraj Singal Mercedes Benz Maybach S seized from the residence of 3, Mercedes Benz and Mercedes Benz SS 350. cars were seized. CDI Maybach S-500 It was purchased by transferring funds from Bhushan Steel to its sister company Bhushann Aviation (INR 1.9) 1 crore.

The agency also alleged that Brij Bhushan Singal Neeraj Singal and Neeraj Singal had misappropriated Rs 370 crore from BSL starting in FY 2012-13 and purchased the property in the name of their partnership firm. The agency claimed to be purchasing the property from BSL.  After withdrawing the funds, it also purchased similar "several other properties".

The indictment alleges that Singals and his associates falsified BSL's financial records and that Singals also created several offshore companies that included BSL's corporate funds. In addition, all of the zinc bar shares acquired by BSL were sold for cash and the proceeds were used to pay expenses on behalf of the former promoters or to build up the personal assets of the former promoters.

The agency claimed that another method used by the former promoters was the issuance of false letters of credit (LCs) in the name of BSL suppliers such as Hindustan Zinc and Jindal Steel Works. The ED said the forged LCs were created with forged documents and the discounted proceeds were deposited directly into the BSL bank accounts. The ED said the proceeds of the crime were used to settle the existing LCs or to make payments to the BSL reporting vendors.

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