4 months ago
1
The Directorate of Enforcement (ED), Visakhapatnam Sub-Zonal Office, has provisionally attached movable and immovable assets worthy ₹1.09 crore nether the Prevention of Money Laundering Act (PMLA), 2002, successful a lawsuit relating to disproportionate assets allegedly acquired by erstwhile Additional Chief Urban Planner of the Visakhapatnam Urban Development Authority, Pasuparthy Pradeep Kumar.
The attached properties, held successful the names of Mr. Pradeep Kumar, his wife, his uncle and a benami, Kona Simhadri, see residential flats, plots and slope balances.
In a merchandise issued connected Wednesday, the ED said the probe was initiated based connected an FIR registered by the Anti-Corruption Bureau (ACB), Vijayawada, which aboriginal filed a chargesheet against Mr. Pradeep Kumar nether the Prevention of Corruption Act, 1988.
According to the chargesheet, Mr. Pradeep Kumar joined authorities work successful 1984 and was posted to VUDA arsenic Additional Chief Urban Planner successful January 2018. During the offence play from July 2005 to January 2018, helium allegedly abused his authoritative presumption and acquired assets successful his ain sanction and successful the names of household members and benamis from unaccounted sources. The ACB assessed the disproportionate assets astatine astir ₹1.85 crore.
The ED said its probe revealed that the illicit income was routed done aggregate slope accounts and utilized to get properties, which were projected arsenic untainted money. The full proceeds of transgression were estimated astatine ₹2.94 crore, exceeding the magnitude calculated by the ACB. Accordingly, assets worthy ₹1.09 crore, representing the differential amount, person been attached.
Further probe is nether progress.
