The Enforcement Directorate’s Bhopal Zonal Office conducted search operations at 12 locations associated with the Shri Astha Foundation for Education Society and the Chouksey Group under the Prevention of Money Laundering Act. The searches, carried out on residential properties, offices, educational institutions, trusts, business establishments, and a bank locker, revealed evidence of financial irregularities.
Following an FIR by the Economic Offences Wing, Bhopal, against Jaynarayan Chouksey and others for alleged misappropriation of funds belonging to the Shri Astha Foundation, the ED initiated the probe. Investigations uncovered that funds collected from students, government grants, and bank loans were diverted to entities controlled by the accused, causing financial harm to the society and stakeholders.
During the searches related to the Chouksey Group, authorities seized cash totaling Rs 3.97 crore and gold jewelry worth Rs 3.45 crore. Additionally, incriminating material such as digital devices, financial records, and property documents were recovered. The ED termed the operation crucial in exposing the alleged money laundering network and is analyzing the seized evidence to trace the money trail.
