3 months ago
1
The Directorate of Enforcement Hyderabad Zonal Office has provisionally attached 19 immovable properties valued astatine ₹5.15 crore nether the Prevention of Money Laundering Act, 2002, successful transportation with a disproportionate assets lawsuit involving a Greater Hyderabad Municipal Corporation official.
The properties beryllium to Dacha Janardhan Mahesh, a Town Planning Section Officer with the GHMC successful Secunderabad, and his household members. The attached assets see plots of land, shops, flats and residential premises.
The ED initiated the probe based connected a lawsuit registered by the Anti Corruption Bureau (ACB) Hyderabad nether provisions of the Prevention of Corruption Act. The ACB aboriginal filed a chargesheet earlier a peculiar tribunal successful Hyderabad, stating that Mahesh was recovered to beryllium successful possession of assets disproportionate to his and his family’s known sources of income to the tune of astir ₹5.27 crore.
According to the ED, its probe revealed that Mahesh allegedly acquired respective immovable properties utilizing proceeds of crime, with merchantability considerations paid successful cash. The bureau said currency deposits were routed done the slope accounts of Mahesh and his household members to task the assets arsenic legitimate, and that the funds were besides utilized for idiosyncratic expenditure.
The ED further stated that proceeds of transgression were utilised for the improvement and operation of a task named Shree Indira Sadan with the assistance of Mahesh’s relative K. B. Laxminarayana, a spouse of M/s Maheshwari Constructions.
Further probe is nether progress.
