ED attaches Rs 25.8 crore properties of Yadav Singh; chargesheet filed
Yadav Singh, former Noida chief engineer, was removed over corruption allegations. Investigators claim he owned over 20 properties in NCR.india Updated: Dec 24, 2017 17:43 IST
The Enforcement Directorate has attached properties worth Rs 25.8 crore belonging to Yadav Singh,a former chief engineer of Noida and Greater Noida, and filed a chargesheet against him in an allegedmoney laundering case ata special court here.
The chargesheethas been filed by the Directorate of Enforcementunder PMLA against Singh in the allegedmoney laundering case following a disproportionate assets case filed againsthim, an ED statement said.
The prosecution complaint follows attachments of his properties worth Rs5.9 crore under the PMLA in the disproportionate assets case.
Singh is being investigated for two cases under the PMLA and in the first case his“illegal and collusive” work allotment resulted into “undue advantage” of Rs 19.92crore to M/s N K G Infrastructure Ltd, M/s JSP Constructions Pvt Ltd and M/s Tirupati Construction Company, the statement said.
Assets worth Rs 19.92 crore wereattachedin this second case of disproportionate assetsand it was found during the investigation that Singh’s wife Kusum Lata along with her sister-in-law, Vidhya Devi, allegedly formed a trust named PGP Trust to project proceeds ofcrime as untainted, it said.
During investigation it was found that donations by chequewere deposited in the account of PGP trust and equivalent amount in cash wasreturned in lieu of donations received, the ED claimed.
After investigation, properties of PGP trust were attached which includeRs 4.6 crore deposited in the Indian Overseas Bank, Noida, twoproperties at Mathura, two properties in Jahangirpur Jewar, Gautambudha Nagar, UP and oneoffice premises in Delhi.
All the properties are in the name of PGP Charitable Trust of YadavSingh in which his wife Kusum Lata was one of the trustees, the statement said.
First Published: Dec 24, 2017 17:43 IST