NEW DELHI: Assets worth 4.10 crore rupees have been seized in a money laundering investigation linked to the alleged fraud of funds from a Srijan-based NGO in Bihar, the Directorate of Finance said on Wednesday. ‘execution (ED). The NGO is under the surveillance of the CBI and the ED after a scam of Rs 1,000 crore through alleged embezzlement of public funds was reported in 2017.
The attached properties include a dozen apartments valued at Rs 3.09 crore located in Bhagalpur and Patna in Bihar and Ghaziabad in Uttar Pradesh, 5 lots and houses valued at Rs 87 lakh located in Bhagalpur, Deoghar (Jharkhand) and Sitamarhi (Bihar), the central agency of the probe. said in a statement posted here.
He said that a Scorpio SUV worth Rs 11.87 lakh and bank balances of Rs 1.20 lakh were also attached after an interim order was issued under the articles of the law on the prevention of money laundering (PMLA). The agency brought money laundering charges in the case against Srijan Mahila Vikas Sahyog Samiti Limited (SMVSSL) on the basis of a CBI FIR.
The CBI also filed several indictments in the case. The ED said its investigation revealed that “huge funds were embezzled from government accounts after being illegally transferred to the bank accounts of SMVSSL, Bhagalpur.” “The SMVSSL has become a tool of embezzlement / embezzlement of public funds in collusion with government officials, bank officials and others,” he alleged.
The money thus transferred to SMVSSL bank accounts, she said, was then transferred via RTGS / cash / checks to various people and entities.
He alleged that the main accused in the case, the late Manorma Devi, was the secretary of the SMVSSL from its inception until her death and that she was “actively involved in the embezzlement of public funds in collusion with government officials. , bank officials and others “. She died on February 2, 2017.
The agency issued the first asset seizure order in the case in May last year when it seized assets worth over Rs 14 crore.
He then said that his investigation revealed that “from 2003 to 2004, funds to the tune of Rs 557 crore were embezzled from government accounts after being illegally transferred to the bank accounts of the NGO (Srijan)”.
The CBI also alleged that the “Samiti” (NGO), which worked to provide training to women, had stolen government funds in collusion with bank officials and state government officials between 2003 and 2014.
An initial investigation carried out by the state police revealed that the “Samiti”, based in Sabour in the district of Bhagalpur, would have obtained check books from the banks and would have forged the signature of the district magistrate to transfer public funds to its account.
The investigation also highlighted the involvement of nationalized banks and government officials in the fraudulent withdrawal of funds in three districts of Bhagalpur, Banka and Saharsa.