New Delhi: The Enforcement Directorate (ED) in Hyderabad has taken action by attaching assets totaling approximately Rs 1.17 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.

According to an official statement, the ED in Hyderabad has seized various immovable properties valued at Rs 94.44 lakh and movable assets totaling Rs 23.2 lakh (in the form of bank balances) belonging to Molugu Vijai Kumarr and his family members. This collective sum amounts to approximately Rs 1.17 crore under the provisions of the PMLA, 2002. The ED's investigation stemmed from an FIR filed by the Central Investigation Unit (CIU), which is part of the Anti-Corruption Bureau (ACB) in Hyderabad. The FIR was registered under Sections 13 (2) read with 13 (1)(e) of the Prevention of Corruption Act, 1988, against Molugu Vijai Kumarr, who served as Joint Director in the Boiler Department and held additional charge as Director of Boilers in Telangana State, Hyderabad.

Allegations were made against Kumarr for acquiring assets disproportionate to his known sources of income through corrupt practices. The ACB's chargesheet revealed that Kumarr possessed assets worth Rs 2.19 crore, which were disproportionate to his legitimate income. The ED's investigation uncovered that Kumarr and his family members had invested the proceeds of their illegal activities in various immovable properties. They had laundered the unlawfully obtained funds by portraying them as business income of family members and as hand loans received from different individuals.

Furthermore, the investigation revealed that the accused had disposed of several immovable properties identified by the ACB during its investigation. These properties, the confiscation of which was sought in the ACB's chargesheet, were disposed of by the accused. Additionally, large sums of cash were withdrawn from their bank accounts, leading to the dissipation of the proceeds of crime. Consequently, properties in the name of Molugu Vijai Kumarr and his family members were identified during the investigation and were provisionally attached under the provisions of the PMLA, 2002. The release concluded by stating that further investigation is ongoing into the matter.

Supreme Court Issues Detailed Directives Regarding NCP Symbol Dispute Resolution

Julia Garner Takes on Silver Surfer Role in Marvel's 'Fantastic Four'

Forbes Ranks Top 10 Powerful Countries in the World, Which Are They?