On 19.5.2023, the Directorate of Enforcement (ED) arrested Ram Bilas Yadav, IAS (Retd.), the then Additional Secretary to the Uttarakhand Government, in connection with an inquiry under the Prevention of Money Laundering Act, 2002.
The ED launched an inquiry based on an FIR filed by the Vigilance Establishment Dehradun against Ram Bilas Yadav under the Prevention of Corruption Act, 1988, for Possession of Disproportionate Assets. It is claimed that between January 1, 2013, and December 31, 2016, Ram Bilas Yadav earned Rs. 78,51,777/- from his recognised sources of income, while his spending was Rs. 21.40 Crore.
As a result, he has been accused of amassing disproportionate assets (DA) of Rs. 20.61 Crore, which is 2626% higher than his known legitimate revenue sources.
Furthermore, during the investigation under the PMLA, in 2002, it was discovered that the accused purchased many lands, a flat, a house in Lucknow, a school, a trust in his name, and a trust in the name of his family members by using funds obtained illegally and misusing his own position as a government servant in Uttar Pradesh and Uttarakhand. More research is being conducted.
