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ED freezes Rs 3.95 cr in search operations investigation relating to the Trans Arunachal Highway Project case

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ED freezes Rs 3.95 cr in search operations investigation relating to the Trans Arunachal Highway Project case. Directorate of Enforcement (ED) has carried out two search operations under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 (on 20.09.2022) in Arunachal Pradesh in respect of an investigation relating to the Trans Arunachal Highway Project and freezed bank accounts/RD/FDs having a balance of Rs 3.95 Crore.

ED initiated money laundering investigation on the basis of FIR dated 01.02.2019 registered by SIC (Vig.) Itanagar, Arunachal Pradesh under various sections of Indian Penal Code, 1860 ,and section 13(1)(a) & 13(2) of P. C. Act, 1988.The FIR revealed that some Govt. officials in conspiracy with some private individuals misappropriated the funds of compensation for the affected persons/beneficiaries of Trans Arunachal Highway Project.

Investigation by ED has revealed that multiple fake beneficiaries were created by some govt. officials in connivance with private individuals to cause wrongful gain to themselves and wrongful loss to Govt. exchequer. The Investigation has further established that part of the Proceeds of Crime so generated by the accused persons were routed through several banks’ accounts and FDs.

Further Investigation is in progress.

Mohit Kumar
Mohit Kumar
Hey I am Mohit. I am the editor of the Newsinterpretation. Writing is my passion and financial column writing is my hobby.
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