The Enforcement Directorate (ED) has recently filed a prosecution complaint against Rabi Narayan Rath, a Senior Travelling Inspector (Accounts) of East Coastal Railway in Bhubaneswar, and his wife for alleged violations of the Prevention of Money Laundering Act (PMLA), 2002. The ED has stated that Rath and his wife have acquired assets worth over Rs. 6.47 crores through illegal means. During their investigation, the ED found that Rath had invested in various properties in Bhubaneswar, Cuttack, and Puri, which were disproportionate to his known sources of income.
The ED has further revealed that Rath had also invested in a luxury car, and a motorbike, and made substantial deposits in his bank accounts. The ED has seized these assets and has initiated proceedings to confiscate them under the provisions of the PMLA. The investigation is still ongoing, and the ED is looking into the possible involvement of other individuals in the case.
The filing of the prosecution complaint against Rath and his wife is a clear indication of the ED’s commitment to tackling money laundering and other financial crimes in India. The ED has been actively investigating and prosecuting cases of money laundering and economic offences to ensure that those who engage in such activities are brought to justice. The agency has been successful in identifying and seizing assets acquired through illegal means, which helps to deter such activities in the future.
