Aastha Minmet India and Juggernaut projects under the Prevention of Money Laundering Act

Aastha Group is an Indian based MNC with its presence across the
globe. Juggernaut projects also a part of the Aastha Group. It’s a
first generation business group. The company has business interest in
diverse sectors namely steel, minerals, energy, agro, IT and
education. The Aastha website presently lists only Aastha Minmet and
Aastha Alloycrop as a part of the group.




Mohit Aggarwal, Managing Director of the Aastha Group, and Shilpa
Aggarwal, a Director with the Aastha Group, have been barred by SEBI
for their association with Radford Global. They were part of a list of
260 entities related to First Financial Services and Radford Global.
Data from an exchange-sponsored registry of regulatory orders,
watchoutinvetors.com shows that the names of Mohit Aggarwal also
figured in the NSEL payment crises. The amount involved has been
secured at Rs. 485 crores. The Director of the group admitted
contracts which were launched on the NSEL portal without any physical
stock in NSEL warehouses.


According to the reports ED attached Aastha Group’s properties in
Thane and Mumbai under PMLA. Investigations against the other
defaulters and brokers are ongoing. The ED conducted searches in
Mumbai and Bangalore on various premises of Aastha Minmet India and
Juggernaut projects under the Prevention of Money Laundering Act,
2002. Aastha Minmet Pvt. Ltd. and Juggernaut Projects are among the
major defaulters in the National Spot Exchange Limited case. The group
is alleged to have defaulted to the tune of Rs. 250 crores in the
crisis.