India News | ED Attaches Assets Worth over Rs 40L of Bihar Maoist, Family
Get latest articles and stories on India at LatestLY. The Enforcement Directorate (ED) on Friday said it has attached assets worth over Rs 40 lakh of a Bihar-based Maoist and his family under the anti-money laundering law.
New Delhi, Mar 19 (PTI) The Enforcement Directorate (ED) on Friday said it has attached assets worth over Rs 40 lakh of a Bihar-based Maoist and his family under the anti-money laundering law.
The action has been taken against Rambabu Ram alias Rajan/Prahar/Nikhil, an active member and leader of the banned CPI (Maoist) of Madhuban in east Champaran district.
The Naxal leader has been booked on charges of extortion and indulging in alleged unlawful activities.
The properties attached, as per a provisional order issued under the Prevention of Money Laundering Act (PMLA), include multiple pieces of land and buildings in the name of Rambabu and his family members.
Their total worth is Rs 40.23 lakh, the agency said in a statement.
The central probe agency said the "accused has invested the proceeds of crime for acquiring various immovable properties in the name of his family members, so as to project them as untainted."
ED booked Rambabu after taking cognizance of at least 28 FIRs and multiple chargesheets filed against him by the Bihar Police.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)