ED, Patna Zonal Office, has provisionally attached immovable property valued at Rs. 17,35,880/- in the form of Agriculture land registered in the name of Sadre Alam, the then Chief General Manager & Regional Officer, National Highways Authority of India (NHAI), Patna under PMLA, 2002, in connection with the acquisition of disproportionate assets.
Directorate of Enforcement (ED), Patna Zonal Office, has provisionally attached immovable property valued at Rs. 17,35,880/- under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with a case involving Sadre Alam, the then Chief General Manager & Regional Officer, National Highways Authority of India (NHAI), Patna. The provisional attachment order has been issued in connection with the acquisition of disproportionate assets and the laundering of Proceeds of Crime by Sadre Alam. The attached asset is an Agriculture land registered in the name of Sadre Alam.
ED initiated an investigation based on FIR registered by CBI, ACB, Patna, under Sections 7 & 8 and 13(1)(b) read with Section 13(2) of the Prevention of Corruption Act, 1988, against Sadre Alam, the then Chief General Manager & Regional Officer, National Highways Authority of India (NHAI), Patna. The FIR alleged that he had acquired assets in his own name, which was disproportionate to his known sources of income. It was alleged that disproportionate assets worth approximately Rs. 89,09,713/- were acquired between July, 2021 and Sep, 2022.
ED investigation revealed that the Proceeds of Crime generated through illegal activities were laundered by Sadre Alam through a complex money trail. Huge cash amounts were deposited in the bank accounts related to Sadre Alam and then routed through multiple layers of bank transfers. Sadre Alam failed to provide any valid explanation or documentary evidence regarding the source of the cash of Rs. 71,01,250/- recovered from his residential premises during the CBI search operation. The total Proceeds of Crime quantified in this case stand at Rs. 89,09,713/-, of which Rs. 71,01,250/- in the form of cash and jewellery was already seized by CBI, ACB, Patna. Accordingly, the amount of Rs. 17,35,880/- is now being provisionally attached in the form of agricultural land as value thereof, in terms of Section 5(1) of PMLA, 2002.
Further investigation is under progress.