ED Freezes Assets Worth Rs. 3.61 Crore in Money Laundering Probe Against Former Punjab Executive Engineer
(Judicial Quest News Network)
The Directorate of Enforcement (ED), Jalandhar Zonal Office, has provisionally attached movable and immovable assets worth Rs. 3.61 Crore on 17th February 2025 under the Prevention of Money Laundering Act (PMLA), 2002. This action is part of an ongoing investigation into disproportionate assets amassed by Kailash Kumar Singla, the former Executive Engineer of Punjab State Water Resources.
The ED initiated its investigation based on FIRs filed by the Vigilance Bureau, Bathinda, which charged Singla with various offenses under the Prevention of Corruption Act, 1988. The investigation revealed that between 1st January 2012 and 10th January 2017, Singla and his family reported an income of just Rs. 1.57 Crore, but their expenditures reached Rs. 4.21 Crore, leading to the identification of assets worth Rs. 2.64 Crore that could not be accounted for.
Further investigation disclosed that Singla misused his official position to acquire disproportionate assets, laundering proceeds through investments in immovable properties, term deposits, and fixed deposits, primarily funded by cash deposits. The ED’s actions aim to disrupt the unlawful accumulation of wealth and further inquiries are underway.
