In accordance with the terms of the Prevention of Money Laundering Act (PMLA), the Directorate of Enforcement (ED) has temporarily attached immovable properties: a school and a stone crusher, as well as land and buildings in Haridwar and Roorkee. 2001. Investigative work revealed that Kishan Chand (IFoS) and his family are the true owners of these two immovable properties, which are valued at Rs. 31.88 crore.
Based on a First Information Report (FIR) filed by the Vigilance Establishment in Dehradun,
Uttarakhand, on the Disproportionate Asset (DA) case involving Kishan Chand, the DFO at the time, and others, the ED began an investigation. According to an ED investigation, the properties attached are the proceeds of crime. A significant sum of money was transferred in multiple accounts in the names of third parties, including cash and checks, and this money was used to buy the properties.
Make these real estate assets appear pure. The accused Kishan Chand spent a total of Rs. 41.9 Crore on various projects as well as the acquisition or purchase of both moveable and
immovable properties during the check period, which ran from January 1, 2010, to December 31, 2017. Kishan Chand did, however, earn Rs. 9.8 crore throughout this time. Kishan Chand thus possessed disproportionate assets (DA) of Rs. 32.1 crore, which are the proceeds of criminal activity. Additional research is being conducted.
