ED attached immovable assets worth Rs 3 crore 51 lakh 14 thousand of Video Rai.
Video: ED attaches 8 properties belonging to Rai and his family members. Further investigation continues.
Eight properties are in Samastipur. Video 3 FIRs have been registered against Rai and family members.
Patna. Enforcement Directorate (ED) has taken major action against Video Rai and his family members from Samastipur district of Bihar today. The ED has attached 8 immovable properties worth Rs 3 crore 51 lakh 14 thousand belonging to Video Rai and his family members. The seized property is in Samastipur district. This action has been taken under the money laundering PMLA 2002.
According to the ED, this action has been taken under PMLA 2002 by registering ECIR on 22 February on the basis of several FIRs received from Economic Offenses Unit of Patna. Based on the inputs received from the Economic Offenses Wing, the ED is said to have booked Video Rai and others under sections 120B (criminal conspiracy), 414 (assisting in concealment of stolen property), 420 (cheating and dishonest delivery of property). To induce) 467 forgery of valuable security/will and IPC Section 471 (Using forged documents) 1860 and Section 25(1-B)A and Section 25 Arms Act 1959 had initiated investigation.
Based on the evidence and facts found during the investigation, 3 FIRs have been registered against Video Rai and his family members. It was also alleged that Video Rai had acquired huge immovable property through illegal liquor purchase and sale and other criminal activities. Also ED’s investigation revealed that Video Rai was using various bank accounts of his family members as well as distant relatives to deposit the proceeds from the crime. In an attempt to hide the proceeds of the crime, he and his family members received huge money in bank accounts in the guise of borrowed money. Apart from this, he was also involved in filing fabricated ITRs in the name of himself and his family members in an attempt to disguise his illegal income as genuine.
The investigation also revealed that in an attempt to hide the proceeds of the crime, he transferred the immovable properties, land in the name of third parties and the sale deed was executed and the payment in lieu thereof was kept pending, to which he and the persons connected with him. The property should be kept out of the sight of law.
Based on the investigation so far, the Enforcement Directorate has identified 8 immovable properties located in Samastipur, Bihar in the name of Video Rai and his family members, worth Rs 3.51 crore and attached it under the provisions of the Prevention of Money Laundering Act, 2002. Has gone. Further investigation is on in the matter.
Tags: Corruption, ED Red, Samastipur News
FIRST PUBLISHED : September 05, 2022, 23:14 IST