NEW DELHI: Former BSP MLC from Saharanpur Mohammad Iqbal has been accused of using shell companies to acquire seven sugar mills in UP worth Rs 1,100 crore during 2010-11 when Mayawati was the chief minister. On Tuesday, ED attached all the mills on charges of alleged money laundering under PMLA.
Last year in October, ED had also conducted searches on the premises of Iqbal and his associates in connection with the mining scam. Iqbal is accused of controlling about 100 shell companies. The seven shell companies that acquired seven sugar mills were incorporated on the same date in 2011. “The present valuation of these sugar mills comes to about Rs 1,097 crore,” ED said.
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