NEW DELHI: The Enforcement Directorate (ED) on Monday attached assets worth about Rs 20 crore in a money laundering case against tainted former Uttar Pradesh engineer Yadav Singh.
“ED attaches assets worth Rs 19.92 crores under PMLA in Yadav singh case, former Chief Engineer NOIDA,” the agency said in a tweet.
The attachment order was made under the provisions of the Prevention of Money Laundering Act (PMLA), and the properties of three construction companies and a firm allegedly owned by Singh's wife have been attached, official sources said.
The ED had booked Singh under the PMLA in two separate cases in 2015 and the recent proceedings are a result of the ongoing probe into these cases.
The provision of attachment of assets of an accused under the PMLA is intended to deprive the person from deriving any benefits from tainted wealth. The attachment order can be challenged before the Adjudicating Authority of the PMLA within 180 days of the ordered action,
The ED has registered the cases against Singh after taking cognisance of the CBI FIR relating to possession of disproportionate assets by him and his family members.