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New Delhi, Nov 26 (IANS) The Enforcement Directorate (ED), Patna zonal office, conducted searches at nine locations in Ahmedabad, Surat, Gurgaon and New Delhi under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in a case related to Patna-based contractor Rishu Shree and recovered huge amount of cash and other evidence, the ED said on Wednesday.
According to the ED, the search operation was conducted on Tuesday, in which it recovered cash of approx. Rupee. Rs 33 lakh along with other “digital devices, diaries and several incriminating documents” have been seized.
The ED initiated the investigation on the basis of an FIR lodged by the Special Vigilance Unit (SVU), Bihar, against Rishu Shree and others.
Contractor Rishu Shree is accused of having illegal nexus with various officials of Bihar government, manipulating tenders in several departments (including water resources, health and education) for personal gains.
“Rishu Shree, whose companies work as contractors/subcontractors in various departments of the Government of Bihar, such as Water Resources, Health, Public Health Engineering, Urban Development, Bihar Urban Infrastructure Development Corporation (BUIDCO), Education, Building and Construction, and Rural Works Department, is accused of colluding with various government officials to facilitate tenders for illegal personal gains,” the ED said in its press note.
Earlier in this case, a search operation was also conducted at the residential premises of many travel agents and many government officials in Patna.
Rupee. After the search, Rs 11.64 crore in cash and important evidence were seized. After this, provisional attachment of Rs. As on August 1, 2025, the assets of Rishu Shree and related entities were worth Rs 68.09 crore.
“A total of Rs 11.64 crore (approximately) in cash was seized along with various incriminating documents and digital evidence from these searches. Further, assets worth Rs 68.09 crore belonging to Rishu Shri, his family members and entities were placed under provisional attachment on August 1, 2025,” it said.
The agency also said that further investigation is underway.
–IANS
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