Dubai based Ahmed A. R. Buhari of Coal & Oil group still in Jail for 543 crore Money laundering

ED arrests promoter of Coastal Energy Pvt Ltd in money laundering case

Case relates to over valuation of coal prices whereby PSUs paid higher price for purchasing coal

The Enforcement Directorate (ED) has arrested Ahmed A. R. Buhari, Promoter of Coastal Energy Private Limited, Chennai, under the Prevention of Money Laundering Act (PMLA), 2002, in a case of over valuation of coal prices whereby the Public Sector Undertakings paid higher price for the purchase

of coal.