A former official of NHAI had assets worth Rs 2.85 crore, including flats and jewelry, seized by the Enforcement Directorate. Prabhanshu Shekhar, a former Deputy General Manager of NHAI in Bihar, allegedly acquired these illegal assets through corrupt practices during his tenure from 2016 to 2022.
The Enforcement Directorate, Patna Zonal Office, provisionally attached immovable properties like flats and land in Bihar and Delhi, along with movable assets such as bank balances, gold, silver jewelry, and insurance investments. This action was taken under the Prevention of Money Laundering Act, 2002.
Investigations were initiated by the ED based on FIRs filed by the CBI and the Anti-Corruption Bureau, Patna. The probe revealed that Prabhanshu Shekhar amassed assets worth Rs 4.07 crore, beyond his known sources of income, during his time at NHAI in Bihar.
During his tenure, Shekhar allegedly engaged in corrupt activities like approving inflated bills and overlooking substandard construction materials. These actions led to the generation of illegal proceeds, which were channeled into his family members’ accounts and used for daily expenses.
Cash proceeds from the corruption were invested in properties under his wife’s name and movable assets like insurance policies, gold, and silver jewelry in his and his family members’ names.
