 "probe")
JSW Steel’s Rs 19,700-crore bid to acquire Bhushan Power & Steel (BPSL) is again in trouble as the resolution professional (RP) of the latter has come under the Enforcement Directorate’s (ED’s) scanner.
On Wednesday, the federal agency carried out an extensive search operation at four premises belonging to the RP and a former director of the debt-ridden steel company on allegations of certain irregularities.
Confirming the development, an official said the three premises at Delhi and one at Gurugram have been covered so far in connection with the ongoing money laundering probe against the beleaguered steel firm.
The RP was unavailable for comment
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