In accordance with the Prevention of Money Laundering Act of 2002, the Enforcement Directorate (ED) has temporarily seized 29 moveable properties worth Rs. 2.08 crore in the case of Akhilesh Yadav, the late Sadanand Yadav’s son. The properties are located in various districts of Bihar, including Gopalpur, Bhagalpur, and Munger.
According to the press release by the ED, the properties were acquired by Yadav and his associates through illegal means, and the funds used for the purchase of these properties are suspected to be proceeds of crime. The investigation was initiated based on a case registered by the Bihar Police in 2021, where it was alleged that Yadav and his associates had accumulated wealth disproportionate to their known sources of income.
During the investigation, the ED found that Yadav and his associates had amassed assets worth several crores of rupees through illegal means. The properties that have been attached include land parcels, residential and commercial buildings, and agricultural land.
The provisional attachment of these properties is a significant step towards curbing the menace of money laundering and corruption in the country. The ED has been taking stringent action against those involved in money laundering and has been successful in recovering assets worth crores of rupees in various cases.
