Belongings price over Rs 27 crore of Chhattisgarh-based former IAS officer Babulal Agrawal have been connected by the Enforcement Directorate (ED), the central probe company mentioned on Saturday.
The company is probing Agrawal, his relations and others in reference to a cash laundering case linked to expenses of alleged corruption and disproportionate belongings.
“The connected belongings embrace plant and equipment, balances in financial institution accounts and immovable properties of Babulal Agarwal and his relations,” the ED mentioned in a press release.
The full worth of the connected properties is Rs 27.86 crore, it mentioned.
Agrawal, a 1988-batch Indian Administrative Service (IAS) officer, was arrested by the company from his residence in state capital Raipur on November 9 and he’s in judicial custody until December 5.
He has served as a principal secretary within the Chhattisgarh authorities and has been arrested by the Central Bureau of Investigation (CBI) additionally up to now on expenses of corruption.
Agrawal was suspended by the state authorities after the CBI arrested him.
It was alleged that Agrawal needed to “settle” CBI probes in opposition to him which have been registered in 2010 when he was the well being secretary within the state authorities.
When the ED arrested him earlier this month, it mentioned the motion was taken in opposition to Agrawal for “laundering the proceeds generated out of prison offences by way of shell firms and integrating the identical within the enterprise of his relations.”
The ED had mentioned its prison case filed in opposition to Agrawal, his chartered accountant (CA) Sunil Agrawal and others was filed beneath 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 price Rs 26.16 crore, Rs 20.43 lakh stored in 291 financial institution accounts, a residential plot price Rs 39.52 lakh within the identify of a agency, Xpress Mining Pvt Ltd, which is an entity owned and operated by relations of Babulal Agrawal, and Rs 15 lakh money recovered throughout I-T searches are among the many provisionally connected belongings.
The connected belongings additionally embrace Rs 4.75 lakh stored within the checking account of an organization referred to as Capstone and a residential plot price Rs 10.25 lakh within the identify of a agency recognized as Shri Ram Vihar (each partnership corporations owned and operated by relations of the previous IAS officer), and Rs 39.81 lakh money and two kgs gold recovered by the CBI when it raided him.
The alleged corruption and disproportionate belongings case in opposition to the previous bureaucrat first got here to gentle after the Revenue Tax (I-T) division raided him in February, 2010.
The ED had mentioned it was discovered within the probe that Babulal Agrawal “performed an lively position for splitting the tender contracts associated to the World Financial institution aided Malaria management program and awarding them to some non-existing entities and thereby, inflicting loss to the exchequer and pecuniary profit to himself.”
The ED has additionally alleged that the previous bureaucrat, in connivance along 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 close by villages and money to the tune of about Rs 46 crore was deposited.”
This money, the ED alleged, was “laundered” by way of shell or dummy firms opened by Agrawal”s CA and different entities, which was in the end parked in an organization recognized as Prime Ispat Ltd, Raipur, as funding in shares.
The ED has earlier connected properties to the tune of Rs 36.09 crore which incorporates belongings of Prime Ispat Ltd, Raipur and the properties of the previous IAS.
Sunil Agrawal was additionally arrested by the ED on this case earlier.