ED attaches Rs 68 lakh worth assets of two top #Maoist leaders

NewsBharati    20-Mar-2018
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Patna, March 20: The Enforcement Directorate (ED) has attached assets worth 68 lakh rupees of two top Maoist leaders Pradumn Sharma and Pramod Sharma in Bihar in connection with a money-laundering probe against them.

The agency attached the properties of the Sharma brothers under Prevention of Money Laundering Act following more than 67 FIRs against them. Pradumn is in-Charge of Magadh zone of Special Area Committee of Bihar-Jharkhand while Pramod is the Secretary of Banawar Sub-Area Zonal Committee of the outlawed Communist Party of India-Maoist.

 

The two Maoist leaders have been charged under various sections of the Indian Penal Code, Arms Act, Explosive Substances Act, and Unlawful Activities (Prevention) Act for collection of levy, criminal conspiracy, murder, attempt to murder, extortion and invested the proceeds of crime in various movable and immovable assets.

During investigation, the ED said it has identified proceeds of crime of more than Rs 2 crore which has been laundered in several bank accounts and invested in immovable assets held in the name of family members of Pradumn and Pramod.

“Out of the total amount, properties valued at Rs 68 lakh have been attached,” an ED official said.

This is second such action against the top Naxal leadership after the central probe agency last month attached properties worth 86 lakh of a Jharkhand-based ultra commander Sandeep Yadav.

Enforcement Directorate ED Maoist Bihar money laundering case Naxalism