The Enforcement Directorate (ED) on Wednesday (July 8) raided several locations of former Samajwadi Party MLA Deep Narayan Singh Yadav and his associates in Jhansi and Lucknow in Uttar Pradesh. This action was taken as part of the ongoing investigation in a case related to money laundering. During this period many documents, digital devices and records related to properties were seized.
According to the information, ED conducted a search operation in the residential and commercial premises of the former MLA, his family members, businesses associated with him and other related people. The purpose of this action of ED is to collect evidence regarding assets acquired from crime, financial transactions, beneficial ownership and assets created from illegal earnings.
On what basis was the action taken?
According to officials, this investigation is based on the Enforcement Case Information Report (ECIR) filed by ED. This report was filed on the basis of the FIR of Uttar Pradesh Vigilance Establishment related to the allegations of the former MLA having disproportionate assets. The allegation is that the former MLA acquired more assets than his known income. On this basis, ED started investigation under the Prevention of Money Laundering Act (PMLA), 2002.
important documents seized
During the raid, officials searched many incriminating documents, digital devices and records of movable and immovable properties. Along with this, documents related to financial transactions have also been seized. ED says that by examining these documents, the money earned from crime will be ascertained and people involved in money laundering will be identified.
More than 23 criminal cases registered
Initial investigation has revealed that Deep Narayan generated and laundered the crime proceeds through a network of companies and LLPs engaged in real estate, construction and other businesses. Deep Narayan has been a former MLA from Garautha seat of Jhansi. More than 23 criminal cases are already registered against him.
ED officials said that the initial investigation has revealed about 60 crimes including fraud, forgery, extortion, attempt to murder, robbery etc., which have been registered under the Indian Penal Code, UP Gangsters Act, Goonda Act etc. He said that further investigation is underway under the provisions of the Prevention of Money Laundering Act (PMLA) 2002. ED is now busy finding out where the alleged illegal earnings were invested and who are the people involved in it.
Leave a Reply