ED Attaches Assets Worth Rs 1.31Cr In Money Laundering Case

(MENAFN- IANS) Indore, March 22 (IANS) The Enforcement Directorate (ED) has conducted a raid under the provisions of the Prevention of Money Laundering Act (PMLA) in Madhya Pradesh's key commercial city of Indore in connection with a financial irregularities case, an official said on Saturday.

The person targeted for searches was Dr. Rajesh Kothari, a retired senior health officer at a government hospital managed by Indore Municipal Corporation (IMC).

ED officials carried out a search for several hours and recovered several papers and documents related to disproportionate assets from Dr. Kothari's residence.

The raid was carried out amid tight security by the Madhya Pradesh police personnel.

The agency said in a statement on Saturday that it has attached immovable properties of worth around Rs 1.31 crore, adding that the raid was part of an investigation related to the disproportionate assets case against Dr. Kothari, who retired from service in 2017.

"ED, Indore has provisionally attached immovable properties of Rs 1.31 crore (approximately) under the provisions of the PMLA, 2002 in an investigation related to disproportionate assets case against Rajesh Kothari, the then Health Officer working under Indore Municipal Corporation," the ED said in statement.

According to information, ED's action came in connection with a case registered Dr. Kothari under the Prevention of Money Laundering Act during his service period in 2011.

Initially, a case was registered under charges of corruption by Madhya Pradesh's Lokayukta police when Dr. Kothari was in service period in 2011.

And then, Lokayukta had also carried a raid at his residence and some other premises in the city. Following that, the ED registered a case under PMLA and initiated a separate investigation in the matter.

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