7 months ago
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The Enforcement Directorate (ED) has provisionally attached six immovable properties worthy ₹2.03 crore successful transportation with its probe against M/s Vikas Construction, Ghazipur, an entity operated by precocious erstwhile MLA Mukhtar Ansari and his associates nether the provisions of the Prevention of Money Laundering Act (PMLA).
“Directorate of Enforcement (ED), Prayagraj has provisionally attached six immovable properties valued astatine ₹2.03 crore nether the provisions of the Prevention of Money Laundering Act (PMLA), 2002. The attachment pertains to an ongoing probe against M/s Vikas Construction, Ghazipur, an entity operated by Late Mukhtar Ansari and his associates. The attached properties are held successful the sanction of Shadab Ahmed, a adjacent subordinate of Late Mukhtar Ansari, and his wife,” reads an authoritative statement.
In October 2025, acting connected a Look Out Circular issued by the ED, Shadab Ahmed was detained astatine Lucknow Airport upon his accomplishment from Sharjah. He was subsequently remanded to judicial custody by the Special Judge (PMLA/CBI), Lucknow, successful transportation with a Non-Bailable Warrant issued by the Court. The ED, Allahabad Sub-Zonal Office, Prayagraj, secured his custody connected 31.10.2025.
“ED initiated probe connected the ground of 2 First Information Report (FIRs) registered astatine P.S. Dakshin Tola, Mau, and P.S. Nandganj, Ghazipur. The probe has revealed that M/s Vikas Construction allegedly encroached upon authorities onshore successful Raini Village, Mau, wherever an amerciable godown was constructed, followed by different unauthorized operation successful Ghazipur. These godowns were aboriginal leased to the Food Corporation of India (FCI), generating Proceeds of Crime (POC) done rental income and NABARD subsidy, contempt the structures being built connected encroached authorities land. The full POC identified truthful acold amounts to astir ₹27.72 crore. Shadab Ahmed had been absconding since 2022, erstwhile a hunt was conducted astatine his premises. During custodial interrogation, it was revealed that helium played a important relation successful layering and concealing astir ₹10 crore of POC. As Director and authorized fiscal relation of M/s Aaghaaz Project and Engineering Pvt. Ltd. and M/s Inizio Network Solution Pvt. Ltd., and arsenic the authorized signatory of their slope accounts, helium facilitated the question of illicit funds generated by M/s Vikas Construction. These funds were routed done the 2 companies nether the guise of morganatic concern transactions and were subsequently layered and diverted to assorted entities. His engagement successful laundering POC done these companies has been established during the investigation,” added the authoritative statement.
