Under the provisions of the Prevention of Money Laundering Act, the Directorate of Enforcement (ED) has provisionally attached 28 immovable properties worth Rs 10.12 crore in the name of deceased mafioso Vikas Dubey and his associates.
The enforcement authority had initiated a money laundering investigation on the basis of an FIR registered by police stations in Chaubeypur, Kanpur Nagar, and Uttar Pradesh. It initiated an investigation to identify the persons involved in the offence of money laundering and the properties or assets acquired out of the illegal gains generated by the suspected persons.
During the course of the investigation, properties worth Rs 10.12 crore purchased in the names of Vikas Dubey and his family members, Jaikant Bajpai and his family members, and his associates were identified.
These properties were derived from the proceeds of crime earned by the criminal activities of Vikas Dubey.
He and his aides were involved in various offences like organised crime, land mafia, corruption, and embezzlement of funds meant for the Public Distribution System (PDS).
Statements of accused persons who are in jail have been recorded.
The facts, evidence, and records cogently prove that the persons engaged in the commission of the offence of money laundering and have invested the proceeds of crime in immovable properties.
Now, on the basis of the investigation under the PMLA, 28 immovable properties worth Rs 10.12 crore located at Kanpur and Lucknow have been provisionally attached.
