ED Attaches Assets Worth Rs. 1.05 Crore in Disproportionate Assets Case Involving Former PESO Controller Anil Kumar Yadav
(Judicial Quest News Network)
The Directorate of Enforcement (ED), Ahmedabad Zonal Office, has provisionally attached immovable properties worth Rs. 1.05 crore at book value (with a present market value of approximately Rs. 2.5 crore) on 24th March 2025. This action was taken under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with an ongoing investigation into a case involving disproportionate assets against Anil Kumar Yadav, the former Controller of the Petroleum and Explosives Safety Organization (PESO), Vadodara, Gujarat.
The ED’s investigation was launched following an FIR filed by the Central Bureau of Investigation (CBI) Anti-Corruption Branch (ACB) in Gandhinagar. The FIR accused Anil Kumar Yadav and his wife, Smt. Sangeeta Singh, of possessing assets disproportionate to their known sources of income, amounting to Rs. 1.91 crore during the period from October 1, 2010, to January 23, 2019. The charges were filed under various provisions of the Prevention of Corruption Act, 1988.
As part of the investigation, the ED discovered that Anil Kumar Yadav had allegedly laundered the proceeds of crime (POC) to acquire a series of immovable assets. These properties were purchased both in his name and the names of his family members, further complicating the scope of the case.
The ED has now taken a significant step in its pursuit of justice by attaching these assets, marking a crucial development in the probe. The ongoing investigation continues as authorities dig deeper into the financial dealings of Yadav and his family.
Further updates are awaited as the investigation progresses.
