The Enforcement Directorate (ED) has attached immovable properties valued at Rs 3.87 crore belonging to a construction company and its associates. This action is in connection with alleged extortion by Maoists and related money laundering activities, as per an official statement.
The ED’s attachment includes assets of Santosh Construction and its associates like Santosh Kumar Singh, Mrityunjay Kumar, Manish Kumar, Baijnath Ganjhu, Rajesh Kumar Ganjhu, and Ravindra Ganjhu. The investigation, initiated based on FIRs registered in Jharkhand, is being conducted under various legal provisions.
The ED revealed that the total Proceeds of Crime (POC) in this case amount to around Rs 7.16 crore. Out of this, Rs 2.69 crore was seized in cash during NIA’s search operations, while the remaining Rs 4.46 crore was allegedly infused into the firm through capital investments during specific financial years.
Further investigation uncovered that the illicit funds were integrated into the formal economy through the acquisition of 11 immovable properties in Jharkhand. These properties, valued at Rs 3.87 crore, have been provisionally attached by the ED under the Prevention of Money Laundering Act, 2002.
