The Directorate of Enforcement (ED) has provisionally attached movable and immovable properties worth one thousand crore rupees in the matter pertaining to large-scale illegal iron-ore mining in Goa by the Salgaocar Group and its associates (the AVS Group). The action was taken under the Prevention of Money Laundering Act, 2002. The ED in a statement said that the attached assets comprise 99 immovable properties situated in India, 31 immovable properties situated in Singapore and equity shares in Indian companies.

ED initiated investigation on the basis of FIR registered by the CID Crime Branch, Goa. Investigation revealed that the AVS Group operated ten mining leases during 2007-12 and generated proceeds of crime of two thousand 492 Crore rupees from the illegal extraction, sale and export of iron ore. The illegally mined ore was exported at grossly undervalued prices to shell entities, thus total proceeds of crime thus work out to five thousand crore rupees.