Retired Uttarakhand IAS Officer Arrested By Probe Company In Cash Laundering Probe

New Delhi:

A retired IAS officer, who served as an extra secretary within the Uttarakhand authorities, has been arrested as a part of a cash laundering probe towards him linked to alleged possession of disproportionate property, the ED mentioned on Saturday.

Ram Bilas Yadav was taken into custody beneath provisions of the Prevention of Cash Laundering Act (PMLA) on Friday, the federal company mentioned in a press release.

The cash laundering case stems from a vigilance institution FIR registered previously towards Yadav for alleged possession of property disproportionate to identified sources of his revenue.

The Enforcement Directorate (ED) mentioned it’s alleged that in the course of the examine interval — from 1-01-2013 to 31-12-2016 — Yadav earned Rs 78,51,777 by way of his identified sources of revenue whereas his bills are to the tune of Rs 21.40 crore. “Subsequently, he has been accused of amassing disproportionate property to the tune of Rs 20.61 crore which is 2,626 per cent greater than his identified sources of authorized revenue,” it mentioned.

The ED mentioned Yadav had bought many lands and a flat, constructed a home in Lucknow, made a faculty and created a belief in his title and that of his members of the family by utilising the funds earned by way of “unlawful” methods and “misusing” his place as a authorities servant in Uttar Pradesh and Uttarakhand.

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