ED Attaches ₹1,000 Crore Assets in Goa Illegal Iron Ore Mining Case Linked to Salgaocar Group

June 21, 2026 : The Directorate of Enforcement (ED) has provisionally attached movable and immovable assets worth ₹1,000 crore in connection with a major illegal iron ore mining and export case in Goa involving the Salgaocar Group and its associates, collectively known as the AVS Group. The attachment has been made under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.

According to the ED, the attached assets include 99 immovable properties located in India, 31 immovable properties in Singapore, and equity shares held in various Indian companies.

The investigation was initiated on the basis of an FIR registered by the CID Crime Branch, Goa. During the probe, the ED found that the AVS Group operated ten mining leases between 2007 and 2012 and allegedly generated proceeds of crime amounting to ₹2,492 crore through illegal extraction, sale, and export of iron ore.

The agency further alleged that the illegally mined iron ore was exported at significantly undervalued prices to shell entities abroad. As a result, the total proceeds of crime in the case are estimated to be around ₹5,000 crore. The investigation is ongoing.