ED attaches Bhola’s properties in Mohali
The Enforcement Directorate (ED), probing the multi-crore drug racket, on Monday attached two prime properties, including a plush house, owned by alleged kingpin Jagdish Bhola in SAS Nagar.punjab Updated: Feb 16, 2016 10:06 IST
The Enforcement Directorate (ED), probing the multi-crore drug racket, on Monday attached two prime properties, including a plush house, owned by alleged kingpin Jagdish Bhola in SAS Nagar.
The second property attached by the agency includes a kanal and a 10-marla plot in Kansal village in the district.
A special ED team --- that took possession of the properties --- installed a board at the two sites saying the properties have been attached and their possession will remain with the central investigating agency.
The current market value of Bhola’s luxurious house is more than Rs 1.8 crore.
Sources in Punjab Police have revealed that the house had remained a hub of drug smuggling activities run by Bhola and his accomplices for past many years. The present market value of the second property is pegged at Rs 2.5 crore.
The properties were attached after orders from the adjudicating authority prevention of money laundering Act in New Delhi after the ED said Bhola has failed to reveal the source of money for buying these properties.
In December last year, the ED had attached properties worth more than Rs `125 crore owned by various accused in the case. Most of these properties included those owned by former SAD leader and Goraya-based businessman Chunni Lal Gaba and his family.
At that time, the ED had attached three big chunks of land owned by Bhola in the Nangal area of Rupnagar district.
The central agency has so far attached properties worth more than Rs 500 crore in the case. While the value of Bhola’s properties is believed to be more than Rs 70 crore, those owned by Gaba and his family are moré than `100 crore. The remaining properties are owned by other accused in the case.
Earlier in 2015, the ED had attached properties worth Rs 300 crore belonging to NRI Anoop Kahlon and Manpreet alias Mani Gill, also an accused in the case. Kahlon and Gill were arrested by Punjab Police in 2013.
The agency, sources said, has filed more applications for attaching many other properties of accused and is likely to get the go-ahead in the coming weeks.