ED, Indore Sub-Zonal Office, has provisionally attached immovable properties comprise a residential house, plots, a flat, & Agriculture land valued at Rs. 1.06 Crore under PMLA, 2002, belonging to Rajesh Parmar, Assistant Revenue Officer, Indore Municipal Corporation and his family members, in connection with the acquisition of disproportionate assets case.
Directorate of Enforcement (ED), Indore Sub-Zonal Office, has provisionally attached immovable properties valued at Rs. 1.06 Crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, of Rajesh Parmar, Assistant Revenue Officer and his family members. The attachment has been made in connection with the acquisition of disproportionate assets by Rajesh Parmar in his own name as well as in the names of his family members. The attached assets comprise a residential house, plots, a flat, & Agriculture land standing in the name of Rajesh Parmar and his family members.
ED initiated an investigation based on FIR registered by the Economic Offences Wing (EOW), Bhopal, under Sections 7 and 13(1)(b) read with Section 13(2) of the Prevention of Corruption Act, 1988, against Rajesh Parmar, Assistant Revenue Officer, Indore Municipal Corporation. The FIR alleged that he had acquired assets in his own name and in the names of his family members, which were disproportionate to his known sources of income. It was alleged that assets worth approximately Rs. 1.66 Crore were acquired between 2007 and 2022, representing assets exceeding 175% of his known income during the said period. The suspected Proceeds of Crime (POC) were quantified at Rs.
1.21 Crore.
ED investigation revealed that Proceeds of Crime generated through illegal activities were directly used to acquire immovable properties in his name and in the names of his family members. Investigation revealed that large cash deposits were made into the bank accounts of Rajesh Parmar and his family members to camouflage the illicit origin of funds which were further routed through bank transfers and utilised for the acquisition of immovable properties. During investigation under the provisions of PMLA, 2002, Rajesh Parmar failed to provide any explanation or documentary evidence regarding the legal source of funds used for the acquisition of properties in his own name as well as in the names of his family members.