Knews Desk– The Enforcement Directorate (ED) has raided several locations of former Samajwadi Party (SP) MLA Deep Narayan Singh Yadav and his associates in Jhansi and Lucknow. This action was taken as part of the investigation into a case related to money laundering and disproportionate assets. During the search operation, the investigating agency has seized many important documents, digital devices and records related to the properties.
According to the ED, the action was taken on the basis of the Enforcement Case Information Report (ECIR) filed under the Prevention of Money Laundering Act (PMLA), 2002. This ECIR is based on the FIR lodged by the Uttar Pradesh Vigilance Establishment, in which the former MLA has been accused of amassing assets disproportionate to his known income.
The investigating agency conducted a simultaneous search operation at the residential and business premises of the former MLA, his family members and business establishments associated with him and other related persons. The objective of the ED is to gather evidence regarding properties acquired from alleged crime, financial transactions, beneficial ownership and assets created out of ill-gotten gains.
During the raid, apart from financial documents, the officials also seized several digital devices and records related to movable and immovable properties. The agency says that after examining the seized documents and electronic evidence, the alleged money laundering network and investment of illegal funds will be unearthed.
In the preliminary investigation, ED has also received information that Deep Narayan Singh Yadav allegedly invested and tried to launder illegal money through a network of companies and Limited Liability Partnership (LLP) engaged in real estate, construction work and other business activities. The agency is now also investigating these companies and the financial transactions related to them in detail.
Deep Narayan Singh Yadav has been MLA from Garautha assembly seat of Jhansi district. According to investigating agencies, more than 23 criminal cases are already registered against him. At the same time, initial investigation has revealed mention of about 60 crimes including fraud, forgery, extortion, attempt to murder and robbery. These cases are said to be registered under various laws including the Indian Penal Code (IPC), Uttar Pradesh Gangsters Act and Goonda Act.
ED says that the investigation of the case is still going on and the agency is trying to find out in which properties and businesses the alleged illegal earnings were invested and who else are involved in this entire network. Further legal action will be taken based on the investigation.
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