ED attaches Rs 10-cr property of Bihar gangster
Patna, April 2 (IANS) The Enforcement Directorate (ED) has attached property with a market value of over Rs 10 crore of Bihar gangster Ashok Yadav who is an accused in cases of murder, kidnapping, extortion and dacoity, an official said on Monday.
The attached property includes a house in the name of Yadav's wife Bibha Devi, 25 plots in his name and in the names of his other family members, and three bank accounts.
The ED said that Yadav was named in 26 FIRs. On the basis of an FIR filed by the Bihar Police, the ED had initiated investigation against him under the Prevention of Money Laundering Act.
During investigation, the ED found that Yadav had amassed huge properties in his name and in the names of his family members from the proceeds of crime, the official said.
In order to launder the ill-gotten money, Yadav allegedly deposited cash in the bank accounts of others, from whom he got cheque for equal amount issued in the names of his family members.
"Yadav acquired huge properties through cash, the source of which remained unexplained."
The accused had also, along with family members, filed income tax returns, which were found fabricated and no business operations was detected.
"It was found that benami liquor shops were acquired and operated by Yadav in the names of his servant and other staffs," the official said.
--IANS
rak/tsb/vm