Left Menu
Development News Edition

ED attaches Rs 3.56-cr assets of Customs deputy commissioner

ED attaches Rs 3.56-cr assets of Customs deputy commissioner

The Enforcement Directorate (ED) on Thursday said it has attached assets worth Rs 3.56 crore of a deputy commissioner-rank officer of the Customs department in a money laundering and alleged disproportionate assets case filed against him. The properties include Rs 47.58 lakh in banks, mutual funds of Rs 91.75 lakh, insurance policies of Rs 74 lakh, land in Jharkhand's East Singhbhum district valued at Rs 52.43 lakh, a flat in Patna worth Rs 35 lakh, Rs 40.33 lakh worth of jewellery and Rs 14.50 lakh cash that was seized from the officer, who the agency identified with his first name Shashikant.

The provisional order for the attachment of the assets, in the name of the officer and his family, was issued by the ED and the total value of the properties is Rs 3.56 crore. The agency in a statement said the officer is being probed in a case of "acquisition of disproportionate assets beyond known sources of income by a public servant."

The ED said it filed a criminal case under the Prevention of Money Laundering Act (PMLA) against the officer based on a reference received from the CVC and a CBI FIR filed against the officer earlier. During investigation it was found that the officer had acquired various immovable and movable properties out of the "illegally earned money" during his service with the Central Excise and Customs Department as an appraiser and as assistant commissioner and deputy commissioner, the agency said.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.



WEF 2020: Trump seems politically correct in pulling out from Paris Agreement

If the survey of the World Economic Forum WEF is believed, Trump seems to enjoy the confidence of his people in flaying climate intuitions and climate activists. His preference for economic development over environmental protection not only...

From home to healthcare, here are Robotic innovations transforming lives

Lovot is equipped with more than 50 sensors such as thermography, microphone array, obstacle detection, and touch sensor to generate motion and emotions in real-time....

Translating words to deeds: Achieving gender parity in access to financial resources

... ...

SDG13: How you can reduce global warming by changing your food habits

The mega narratives of various international organizations give the impression that fighting global warming is only a job of government agencies. However, the European Investment Bank EIB has designed a questionnaire which besides making th...


Latest News

Golf-Woods looking to add to magical Torrey Pines memories

Tiger Woods on Thursday said winning a record-breaking 83rd PGA Tour event at Torrey Pines this week would make the monumental feat even more special given his long and happy history at the ocean-side course.It is probably only a matter of ...

U.S. to unveil crackdown on counterfeit, pirated e-commerce goods

The Trump administration plans to unveil efforts on Friday to crack down on counterfeit and pirated goods sold on major e-commerce sites and urge companies to do more to vet third-party sellers and increase self-policing efforts.Acting Depa...

US investigating second suspected case of Chinese virus

Authorities in Texas are investigating a second suspected case on US soil of a deadly Chinese virus, namely a college student who had recently returned from the city at the heart of the outbreak, officials said Thursday. Brazos County, just...

UPDATE 1-U.S. states sue to block White House from allowing 3-D printed guns

Twenty U.S. states sued the Trump administration on Thursday to block what they called its latest effort to allow blueprints for making guns from 3-D printers to be released on the internet, threatening a proliferation of ghost guns that sp...

Give Feedback