The Enforcement Directorate (ED) has provisionally attached properties worth around Rs 4.92 crore belonging to Dhirubhai Bababhai Sharma, a former field supervisor of the Gujarat Land Development Corporation in Anand district. This action is taken in connection with allegations of possessing illegal assets. The attached properties include a commercial shop, residential house, agricultural land, and Jalashay resort in Nadiad, Gujarat.
The ED’s Ahmedabad Zonal Office stated that the attachment was made under the Prevention of Money Laundering Act (PMLA), 2002. The investigation was initiated based on an FIR filed by the Anti-Corruption Bureau Police Station in Anand district against Sharma. The allegations involve possession of disproportionate assets amounting to Rs 8.04 crore, exceeding his known sources of income from April 1, 2006, to March 31, 2018.
Sharma, along with his family members and their company Jalashray Resort Private Limited, had taken both secured and unsecured loans. The investigation revealed that loan repayments were primarily made through cash deposits in various bank accounts. Instead of conventional banking channels, significant cash amounts were deposited into their accounts and then transferred to Krishna Finance for loan repayments, indicating potential money laundering activities.
