ED attaches assets worth Rs. 4.75 crore in a corruption case

New Delhi, July 9, 2019

The Directorate of Enforcement (ED) said on Monday that it had, under the provisions of Prevention of Money Laundering Act, 2002 (PMLA),   provisionally attached immovable assets worth Rs. 4.75 crore of Mahesh Chand Sharma and his family members and relatives in a corruption case. 
The attached properties include agricultural land worth Rs. 1.69 crore at Sanganer and Dudu Tehsil of Jaipur and ten plots and flats at various locations in Jaipur, a press release from ED said.
According to the release, the ED had initiated investigation on the basis of FIR and charge-sheet filed by Anti-Corruption Bureau (ACB), Jaipur against Mahesh Chand Sharma and others.
Sharma had worked in the Health and Medical Department of Rajasthan Government as Nursing Tutor (Nursing Grade- 2), College of Nursing, SMS Medical College and also as Member, Indian Nursing Council (INC), New Delhi. He, along with his associate, was trapped by ACB for allegedly taking a bribe of Rs. 5 lakh from a nursing institute for adding the name of the institute on the website of INC (which was deleted earlier).
The release said that, later on, ACB investigations established that the accused had amassed illicit earning amounting to Rs. 10.6 crore, which is 372% more than his known and legal source of income. 
"Investigation under PMLA revealed that Mahesh Chand Sharma has used the proceeds of crime for purchase of agricultural land, residential flats and plots in the names of his wife, son and family members. This was done to layer, place and integrate the illicit money in the formal financial system in order to project it as untainted.
"Accordingly these immovable properties worth Rs. 4.75 crore have been attached. Further investigations to identify the remaining proceeds of crime are underway," the release added.

(Our News Desk can be contacted at desk@netindian.in)

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