The Telegraph
Thursday , December 27 , 2012
Since 1st March, 1999
CIMA Gallary

Liquor trader assets seizure

Patna, Dec. 26: The Enforcement Directorate (ED) has initiated the process to attach property worth Rs 90 crore of Gaya-based liquor baron Mantu Yadav, a relative of a legislator of the RJD.

The ED took the initiative on the recommendation of the Economic Offences Unit (EOU) of Bihar police.

This is the first case lodged by the ED against any liquor trader in the state under Prevention of Money Laundering Act (PMLA), 2002. The EOU launched a special drive against illegal country liquor trade on chief minister Nitish Kumar’s directive in the wake of the recent hooch tragedies. Till date, the EOU has received 10 proposals for attachment of ill-gotten wealth of hooch barons from various districts.

Sources said the EOU had sent a proposal to the ED for lodging a case against Yadav under PMLA soon after the seizure of some documents related to Yadav’s movable and immovable property from his Rampur residence in Gaya district on December 13. The market price of the property is estimated at around Rs 90 crore.

Yadav also owned property in the national capital region, Goa and Uttarakhand. “We have so far compiled details of Yadav’s property in Gaya district and provided the figures to the ED for confiscation under PMLA,” an investigating officer of the EOU said.

A senior officer of the ED said the process to attach Yadav’s property would continue. “The ED will act even after attachment of his property detected till date,” he said.

The Patna sub-zonal office has so far registered five cases under PMLA in Bihar. The first case was lodged against gangster Ritlal Yadav, whose accounted wealth worth Rs 1.33 crore was confiscated in September this year.