On Wednesday, the Enforcement Directorate (ED) announced that it had seized the assets of a former IAS officer who had worked as an additional secretary in the Uttarakhand government, including a flat, land parcels, and fixed deposits totaling more than Rs 20 crores.
“The action was taken as a result of a money laundering investigation being carried out on Ram Bilas Yadav, an officer, in a matter involving the alleged holding of disproportionate assets. On May 19, the federal investigation agency detained Yadav, according to an ED official.
According to the spokesperson, a provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach a flat, land parcels, and buildings built on them valued at Rs 18.33 crore as well as movable assets in the form of fixed deposits worth roughly Rs 2.03 crore in Yadav and his family members’ names.
The Late Ramkaran Dada Memorial Trust in the Ghazipur district of Uttar Pradesh, a building complex, and a home at Janta Vidyalaya in Gudamba in Lucknow are also included in the attached assets, the spokesperson said.
The combined worth of these properties, according to ED, was Rs 20.36 crore. “The money laundering case stems from a vigilance establishment FIR of the Uttarakhand government registered in the past against Yadav for alleged possession of assets disproportionate to his known sources of income,” the spokesperson stated.
The action was taken as a result of a money laundering probe against Ram Bilas Yadav, an officer, in a matter involving the alleged ownership of disproportionate assets.
