Manoj jayaswal biography for kids
Manoj started with infrastructure and road projects, but today the group claims to be dealing in ferro alloys, infrastructure, cement and mining.
In just eight years of setting up the Abhijeet Group, Manoj Jayaswal became a name to reckon with in Indian business circle....
A special court of Delhi’s Patiala House Court has discharged 3 accused Manoj Jayaswal, Ramesh Jaiswal and Abhijeet Infrastructure Limited in connection with the alleged wrongful receipt of coal block allotment letter and laundering of around Rs 650 crore rupees.
The money was received by the Abhijeet Group as share application money and term loan from banks after having secured allocation of the Brinda, Sisai and Meral Coal blocks from the Coal Ministry.
Manoj Jayaswal and Abhijeet Infrastructure Ltd.
were both represented by Advocate Vijay Agarwal before Special Judge Arun Bhardwaj. This is the first case of discharge granted in any case filed by the ED in coal block allocation related matters.
ED alleged that the company allotted shares at a premium of multiple times the value of the shares and thus inflated its net worth from 30 Crores at the pre-allocation stage to about 750 crores after getting the coal block allocated and on the basis of the inflated net worth, obtai