The Enforcement Directorate (ED) has provisionally attached immovable properties valued at approximately Rs 7.17 crore in Goa. This action is part of a significant money laundering investigation linked to international narcotics trafficking. The ED’s Panaji Zonal Office conducted the operation targeting assets allegedly obtained through the illegal trade of commercial-grade drugs.
The investigation was initiated under the Prevention of Money Laundering Act (PMLA) after a complaint was filed by the Narcotics Control Bureau (NCB), Goa, in March 2021. The case involves key accused individuals named as Ugochukwu Solomon Ubabuko, Infinity John (alias David/Valentine Ejezie), and Prasad Prakash Walke under the Narcotic Drugs and Psychotropic Substances (NDPS) Act.
The NCB had previously seized significant quantities of LSD, cocaine, charas, and ganja from premises in Assagao. Further searches at Prasad Walke’s residence led to the recovery of LSD. Walke, who has a history of offenses, was arrested by the NCB in 2018 and by the Goa Police Anti-Narcotic Cell in 2023 for cases involving MDMA and Hydroponic Weed. He is currently in judicial custody.
According to the ED investigation, proceeds from illicit drug trafficking were introduced into the banking system through substantial cash deposits in multiple accounts maintained by Prasad Prakash Walke and Sheetal Prasad Walke. The attached properties, situated in Assagao, include a three-storied residential building and two double-story houses, totaling around Rs 7.17 crore.
These assets, held in the names of Walke and his wife, Sheetal, are classified as ‘Proceeds of Crime’ derived from scheduled offenses. This operation is in line with the national objective of ‘Nasha Mukt Bharat Abhiyaan.’ The ED is committed to disrupting drug networks by targeting their financial roots, aiming to deter the laundering of illicit funds. Further investigations are ongoing to identify additional beneficiaries and facilitators involved in the syndicate.
