Directorate of Enforcement (ED) has arrested Ram Bilas Yadav, IAS (Retd.), the then Additional Secretary to the Uttarakhand Government in connection with the investigation conducted under the Prevention of Money Laundering Act, 2002.
ED initiated investigation on the basis of FIR registered by Vigilance Establishment Dehradun against Ram Bilas Yadav under the Prevention of Corruption Act, 1988 for possessing Disproportionate Assets. It is alleged that during the check period from 01.01.2013 to 31.12.2016 Ram Bilas Yadav has earned Rs. 78,51,777/- through his known sources of income whereas his expenses are to the tune of Rs. 21.40 Crore. Therefore, he has been accused of amassing disproportionate assets (DA) to the tune of Rs. 20.61 Crore which is 2626% more than his known sources of legal income.
Further, during the investigation under PMLA, 2002 it is revealed that the accused has purchased many lands, flat, constructed house in Lucknow, school, trust in his name and family members by utilizing the fund earned through illegal way and misusing his own position as a government servant in U.P and Uttarakhand.
Further investigation is in progress.
