<h1>ED Seizes Rs 1,000 Crore Assets from RKM Powergen in Money Laundering Case under PMLA Linked to Coal Block Fraud</h1> The Enforcement Directorate seized assets worth Rs 1,000 crore from a Chennai-based company, RKM Powergen Private Limited, in a money laundering case under the Prevention of Money Laundering Act. The case is linked to a CBI investigation into the alleged fraudulent acquisition of a coal block in Chhattisgarh. The company reportedly secured a loan from the Power Finance Corporation based on this allocation, transferring a significant portion of funds to a foreign entity for overpriced equipment. Shares were issued at inconsistent valuations, and funds were allegedly round-tripped back to the company. Assets including fixed deposits and mutual funds were frozen.