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Bhopal, October 7 (IANS) In a big crack on financial fraud, Enforcement Directorate (ED), Bhopal, conducted search at seven places in Bhopal, Vidya, Katni and Chhatarpur districts on 3 October.
An ED statement stated that raids were conducted under the Money Laundering Act (PMLA), 2002 prevention, targeting former CEO Shobit Tripathi and his alleged partner of District Panchayat Sironj, stated in an ED statement.
The statement said that the discoveries motivated bank accounts and bank accounts and bank accounts and mutual funds to seize the cold.
The ED investigation stems from the FIR filed by the IPC, various sections of 1860, and the Economic Offenses Wing, Bhopal under various sections of the Corruption Act, 1988.
Tripathi is accused of a huge embezzlement of about Rs 30.18 crore through the marriage assistance scheme of the Madhya Pradesh government between 2019 and November 2021.
The plan designed to support the families of registered construction workers was allegedly exploited by Tripathi and data entry operators Yogendra Sharma and Hemant Sahu.
According to ED’s findings, trio launched the documents and uploaded fraud data on the government portal, transferring funds to the disqualified beneficiaries.
These funds were then withdrawn in several installments through ATMs and Funnel in accounts related to Tripathi, their family members and related institutions.
To mask the illegal origin of money, Tripathi allegedly lay down income through bank accounts and commercial concerns of relatives, introducing them as a valid income.
Laundered Fund was used for individual expenditure, investment in stock market and mutual funds and acquisition of immovable properties. The matter highlights the need for weaknesses and strong digital safety measures in welfare schemes, stated in the statement.
ED’s Swift Action underlines its commitment to curb corruption and financial offenses in public administration.
Further investigation is going on, more revelations are expected as the authorities have excavated the transactions involved in the scam and the network of beneficiaries.
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SKTR/Dan