Assets value 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 members of the family and others in reference to a cash laundering case linked to costs of alleged corruption and disproportionate belongings.
“The attached assets include plant and machinery, balances in bank accounts and immovable properties of Babulal Agarwal and his family members,” the ED mentioned in a press release.
The whole 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 previously on costs 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 had 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 criminal offences through shell companies and integrating the same in the business of his family members.”
The ED had mentioned its legal case filed in opposition to Agrawal, his chartered accountant (CA) Sunil Agrawal and others was filed underneath the Prevention of Money Laundering Act (PMLA) after learning 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 title of a agency, Xpress Mining Pvt Ltd, which is an entity owned and operated by members of the family of Babulal Agrawal, and Rs 15 lakh money recovered throughout I-T searches are among the many provisionally connected belongings.
The connected belongings additionally embody 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 title of a agency recognized as Shri Ram Vihar (each partnership corporations owned and operated by members of the family 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 mild after the Income Tax (I-T) division raided him in February, 2010.
The ED had mentioned it was discovered within the probe that Babulal Agrawal “played an active role for splitting the tender contracts related to the World Bank aided Malaria control program and awarding them to some non-existing entities and thereby, causing loss to the exchequer and pecuniary benefit 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 “more than 400 bank accounts in the name of gullible villagers of Kharora and its nearby villages and cash to the tune of about Rs 46 crore was deposited.”
This money, the ED alleged, was “laundered” via shell or dummy corporations opened by Agrawal”s CA and different entities, which was finally 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.