Cash amounting to an estimated Rs 20 to 30 crore was found at the residence of Sanjiv Lal, the aide to Jharkhand Rural Development minister Alamgir Alam. The ongoing counting process is anticipated to reveal a larger sum with the aid of cash machines.
On Monday, the Enforcement Directorate conducted raids at the property of a person associated with Jharkhand Rural Development Minister Alamgir Alam, as part of the Virendra Ram case investigation.
Acc. reported that over Rs 20 crores have been counted. Footage from the raids depicted stacks of currency notes in a room utilized by Sanjiv Lal’s household help, who serves as the private secretary to Alamgir Alam.
Last year, the Enforcement Directorate arrested Virendra Ram, a chief engineer at Jharkhand Rural Development Department, in a money laundering case related to purported irregularities in scheme implementation. Additionally, Ram’s assets worth Rs 39.29 crore were seized by Enforcement Directorate.
Ram’s Confessions and Enforcement Directorate Investigations:
Documents submitted by the ED to the PMLA court revealed that Virendra Ram had engaged a Delhi-based chartered accountant last year for laundering his wealth. The substantial sum, received as kickbacks for awarded contracts, amounted to several crores.
Enforcement Directorate sources also disclosed obtaining information covering the establishment of shell companies using counterfeit PAN cards, as well as transactions involving crores of rupees in cash for acquiring both movable and immovable assets.
Ram admitted to the Enforcement Directorate that he received 0.3-1 percent of the tender value as commission from companies chosen to undertake projects within his department.
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