On 09.08.2023, the Directorate of Enforcement (ED) conducted search operations under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 at two residential premises in Jaipur (Rajasthan) and Azamgarh (Uttar Pradesh) in a PMLA case against Ved Prakash Yadav and others, and later arrested Ved Prakash Yadav.
The ED launched an inquiry under the PMLA, 2002, based on an FIR filed by the ACB, Rajasthan Police, under different sections of the IPC against Ved Yadav, the then-Joint Director, DoIT & C, Rajasthan. According to the FIR, two bags were discovered in a basement Almirah filled with denomination bank notes of INR 500 and INR 2000 amounting to INR 2.31 Crore and one gold bar of 1 kg valued at INR 61.80 Lakhs allegedly belonging to Ved Yadav during file scanning work at the UID Branch of DoIT & C. ACB, Jaipur filed a charge-sheet for INR 3.35 crore in Disproportionate Assets (DA) acquired by Ved Prakash Yadav, the then Joint Director, DoIT & C, between 31.03.1994 and 21.05.2023.
ED found and seized property sale deeds, several incriminating papers, and an electronic gadget during the search operations. Ved Prakash Yadav was detained by the ED on August 9, 2023, and brought before the Hon’ble Special Court PMLA, Jaipur on August 10, 2023. The Hon’ble Court has awarded ED custody for four days till August 14, 2023. More research is being conducted.
