Probe Company Attaches Property Value Over Rs 27 Crore Of Former IAS Officer
The Enforcement Directorate is probing the officer in reference to a cash laundering case.
New Delhi:
Property value over Rs 27 crore of Chhattisgarh-based former IAS officer Babulal Agrawal had been connected by means of the Enforcement Directorate (ED), the central probe company mentioned on Saturday.
The company is probing Agrawal, his members of the family and others in reference to a cash laundering case connected to fees of alleged corruption and disproportionate property.
“The connected property come with plant and equipment, balances in financial institution accounts and immovable houses of Babulal Agarwal and his members of the family,” the ED mentioned in a commentary.
The overall price of the connected houses is Rs 27.86 crore, it mentioned.
Agrawal, a 1988-batch Indian Administrative Provider (IAS) officer, was once arrested by means of the company from his place of abode in state capital Raipur on November nine and he’s in judicial custody until December 5.
He has served as a important secretary within the Chhattisgarh executive and has been arrested by means of the Central Bureau of Investigation (CBI) additionally previously on fees of corruption.
Agrawal was once suspended by means of the state executive after the CBI arrested him.
It was once alleged that Agrawal sought after to “settle” CBI probes in opposition to him which have been registered in 2010 when he was once the well being secretary within the state executive.
When the ED arrested him previous this month, it mentioned the motion was once taken in opposition to Agrawal for “laundering the proceeds generated out of legal offences thru shell firms and integrating the similar within the trade of his members of the family.”
The ED had mentioned its legal case filed in opposition to Agrawal, his chartered accountant (CA) Sunil Agrawal and others was once filed below the Prevention of Cash Laundering Act (PMLA) after finding out a 2010 FIR of the Chhattisgarh anti-corruption bureau and the CBI.
Plant and equipment value Rs 26.16 crore, Rs 20.43 lakh stored in 291 financial institution accounts, a residential plot value Rs 39.52 lakh within the identify of a company, Xpress Mining Pvt Ltd, which is an entity owned and operated by means of members of the family of Babulal Agrawal, and Rs 15 lakh money recovered all the way through I-T searches are a number of the provisionally connected property.
The connected property additionally come with Rs 4.75 lakh stored within the checking account of an organization known as Capstone and a residential plot value Rs 10.25 lakh within the identify of a company known as Shri Ram Vihar (each partnership companies owned and operated by means of members of the family of the previous IAS officer), and Rs 39.81 lakh money and two kgs gold recovered by means of the CBI when it raided him.
The alleged corruption and disproportionate property case in opposition to the previous bureaucrat first got here to gentle after the Source of revenue Tax (I-T) division raided him in February, 2010.
The ED had mentioned it was once discovered within the probe that Babulal Agrawal “performed an energetic position for splitting the comfortable contracts associated with the International Financial institution aided Malaria keep watch over program and awarding them to a few non-existing entities and thereby, inflicting loss to the exchequer and pecuniary get advantages to himself.”
The ED has additionally alleged that the previous bureaucrat, in connivance together with his CA Sunil Agrawal, his brother Ashok Agrawal and Pawan Agrawal, opened “greater than 400 financial institution accounts within the identify of gullible villagers of Kharora and its within sight villages and money to the track of about Rs 46 crore was once deposited.”
This money, the ED alleged, was once “laundered” thru shell or dummy firms opened by means of Agrawal”s CA and different entities, which was once in the end parked in an organization known as Top Ispat Ltd, Raipur, as funding in stocks.
The ED has previous connected houses to the track of Rs 36.09 crore which incorporates property of Top Ispat Ltd, Raipur and the houses of the previous IAS.
Sunil Agrawal was once additionally arrested by means of the ED on this case previous.
