Veerendra Kumar Ram and his family’s moveable and immovable possessions worth Rs. 39.28 crores have been temporarily seized by the Directorate of Enforcement (ED). Farmhouses, apartments, a duplex bungalow, property in Ranchi, Jamshedpur, and Delhi are among the properties. There are also three bank accounts with a combined total of almost Rs 36 lakhs.
ED has opened a probe into money laundering based on the FIR that ACB Jamshedpur had filed. The results of the investigation showed that Veerendra Kumar Ram, who was employed as the Chief Engineer in Ranchi’s Rural Works Department, had created criminal gains by paying contractors commissions in place of awarding them contracts. Veerendra Ram and his family had a very opulent existence thanks to the money stolen in this way.
30 locations connected to Veerendra Ram were searched before, and as a consequence, several incriminating items were discovered and seized. Additionally, during the course of the search operation, cash worth around Rs. 40 lakh, seven high-end luxury automobiles, and jewellery worth approximately Rs. 1.51 crore were discovered and seized; these items were later determined to be a component of the proceeds of crime acquired by him. After being found guilty of the crime of money laundering, Veerendra Kumar Ram was arrested by the ED on February 23, 2023, and is now being held at Hotwar Jail in Ranchi.
Alok Ranjan, Veerendra Kumar Ram’s cousin, was also detained in this case on April 11, 2023 when it was discovered that he was helping Veerendra Ram launder the profits of crime. Alok Ranjan and Veerendra Kumar Ram are both being held by authorities. Further research is being done.
