New Delhi: The Enforcement Directorate has seized “unaccounted cash” of Rs 1 crore and detected proceeds of crime worth Rs 600 crore after it raided Rashtriya Janata Dal (RJD) chief Lalu Prasad’s family in connection with the railways land for job scam linked money laundering case, news agencies reported.
Based on the specific intelligence inputs, the ED said searches were conducted at 24 locations at various places in Delhi NCR, Patna, Mumbai and Ranchi in the alleged scam. The ED had launched raids on Friday at multiple locations linked to Prasad’s family members including that of his son and Bihar Deputy Chief Minister Tejashwi Yadav in Delhi.
“Searches resulted in recovery of unaccounted cash of Rs 1 crore, foreign currency including USD 1900, 540 gms gold bullion and more than 1.5 kg of gold jewellery (worth Rs 1.25 Crores approximately), several other incriminating documents including various property documents, sale deeds etc held in the names of family members and benamidaars indicating illegal accretion of huge land bank and electronic devices. Searches resulted in detection of Proceeds of Crime amounting to Rs 600 Crore approximately at this point of time which is in the form of immovable properties of Rs 350 Crore and transactions of Rs 250 Crore routed through various benamidaars,” the ED said.
The ED said the PMLA investigation conducted so far has revealed that several pieces of land at prominent locations in Patna and other areas were illegally acquired by the family of the then ‘Rail Mantri, Lalu Prasad Yadav’ in lieu of jobs provided in Railways. “The current market value of these land parcels is more than Rs 200 Crore. In this regard, several benamidars, shell entities and beneficial owners for these lands have been identified,” it said.
The investigation under PMLA revealed that the property situated at D-1088, New Friends Colony, Delhi (independent 4 storied bungalow, registered in the name of M/s A B Exports Private Limited, a company owned and controlled by Tejashwi Prasad Yadav and family) was shown to have been acquired at a value of mere Rs 4 Lakhs, the present market value of which is approximately Rs 150 crore, the federal agency said.
“It is suspected that a huge amount of cash/Proceeds of Crime has been infused in purchasing this property and few Mumbai-based entities, dealing in the gems and jewellery sector were used to channel ill-gotten proceeds of crime in this regard. The property has been though, on paper declared as office of M/s A B Exports Private Limited and M/s AK Infosystems Pvt ltd, it is being exclusively used as residential premises by Tejasvi Prasad Yadav, son of Lalu Prasad Yadav. During the searches, Tejasvi Prasad Yadav was found to be staying at this house and was found to be using this house as his residential property
