The disproportionate assets (DA) case is a hot topic these days. Recently, Under Prevention of Money Laundering Act (PMLA) the Enforcement Directorate (ED) has filed a prosecution complaint in Special Court, Visakhapatnam against Metta Appanna, the former Engineer of Visakhapatnam Urban Development Authority (VUDA).
The complaint has been filed with a request for punishment to accused in the money laundering case. The total worth along with movable and immovable properties is Rs 58.54 lakhs. Precisely, the assets with immovable properties are worth Rs 54.10 lakhs and the movable property are worth Rs 4.44 lakhs. The investigation under PMLA provisions was started with the charge sheet filed by the Anti-Corruption Bureau (ACB), Visakhapatnam against Appanna, the then Executive Engineer, VUDA.
The inquiries showed that the accused had accumulated the wealth disproportionate to known sources of Rs 84.88 lakhs. During the investigation, the accused and others failed to verify their sources of income to procure these properties, thereby establishing that these were sourced from the proceeds of crime.
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