ED ATTACHES ASSETS OF CUSTOMS EXCISE OFFICER for “possession of assets disproportionate to his known source of income.”

Under the Prevention of Money Laundering Act (PMLA), 2002, the Enforcement Directorate (ED) has provisionally attached assets worth Rs. 1.88 crore in connection with a case filed against Giansing Panmei, the then Superintendent of Customs & Central Excise, Imphal, for “possession of assets disproportionate to his known source of income.”

On the basis of an FIR dated 24.01.2019 and a Chargesheet dated 30.12.2019 filed by CBI, ACB, Imphal under Section 13(2) r/w 13(1)(b) of the PC Act 1988 against Giansing Panmei for possession of disproportionate assets worth Rs.1.88 crore, the ED launched a money-laundering investigation.

Giansing Panmei had invested his ill-gotten gains, which were over and beyond his known sources of income, in acquiring numerous landed properties in the names of his family members, according to an ED investigation.

More investigation is being carried out.

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