Bhopal (Madhya Pradesh): The Directorate of Enforcement (ED), Bhopal, has found property worth Rs 23 crore belonging to former RTO constable Saurabh Sharma during the search operations at eight locations, the officials said here on Monday.
The ED conducted the searches on December 27, which covered the residential premises of key persons, including Sharma, Chetan Singh Gaur, Sharad Jaiswal and Rohit Tiwari who were the suspected beneficiary of the Proceeds of Crime (POC) or have allegedly abetted in the laundering of the same.
The ED initiated investigation on the basis of the FIR registered by Lokayukta, Special Police Establishment, Bhopal. During the search eight places in Bhopal, Gwalior and Jabalpur, movable assets in the form of fixed deposits (FDs) of more than Rs 6 crore were identified in the name of Gaur, associate of Sharma and bank balances of more than Rs 4 crore were found in the name of family members and companies of Sharma.
The search action revealed that such assets were allegedly purchased, acquired by Sharma from illegal money obtained through corrupt practices, while he was working as a constable in the Transport department.
During the investigation, details of bank accounts and properties were identified. Their analysis revealed that Sharma bought a number of properties in the name of his family members, friends, and companies in which his close associates were directors.
