New Delhi: The Enforcement Directorate (ED) on Friday said that it has attached assets worth of Rs 89 lakh belonged to Yadav Singh, a former chief engineer with Noida, in connection with a money laundering case.
The attached assets include residential and commercial properties, agricultural land and bank balances, the agency said in a statement.
The ED issued an order under the Prevention of Money Laundering Act (PMLA) to attach the assets.
Singh was booked by the agency based on a Central Bureau of Investigation's (CBI) FIR, which charged him of holding disproportionate assets and corruption while serving as the chief engineer with the New Okhla Industrial Development Authority (NOIDA).
During the investigation, it has been found that the ED alleged that funds related to income from illegal earning/unexplained sources were routed to the trust under control of Yadav Singh in the guise of corpus donations.
"The same funds were routed to the bank accounts of his family members in the guise of sale proceeds of properties which were further used for purchasing commercial and residential properties at Delhi and Noida and in maintaining bank balances," it said.
Earlier the central agency has attached assets of Singh, his family and trusts controlled by them worth Rs 20.5 crore.
Both the ED and the CBI have filed separate charge sheets against Singh and others who are related to him.
Meanwhile, the CBI charge sheet had stated that Singh accumulated disproportionate assets to the tune of Rs 23.15 crore, about 512 per cent to his known sources of income, during a test period between April 2004 to August 4, 2015, the ED said.
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