Railways coolie amasses assets worth Rs 2.5 crore, under ED lens
The federal agency initiated its money laundering investigation based on an FIR previously registered by the Gujarat Police. The police case was filed under various provisions of the Prevention of Corruption Act, 1988, which constitutes a scheduled offence under the Prevention of Money Laundering Act (PMLA), 2002.
The Directorate of Enforcement (ED) has issued a provisional attachment order attaching assets worth over Rs 2 crore in connection with a high-profile disproportionate assets case involving a porter working at the Ahmedabad Railway station.
The accused, Prashant Baldevbhai Rabari, allegedly amassed a massive fortune running into crores through corrupt and illegal practices.
The federal agency initiated its money laundering investigation based on an FIR previously registered by the Gujarat Police. The police case was filed under various provisions of the Prevention of Corruption Act, 1988, which constitutes a scheduled offence under the Prevention of Money Laundering Act (PMLA), 2002.
According to the ED, an in-depth investigation revealed that Rabari accumulated wealth far beyond his legal and known sources of income while working as a porter. During the specific check period spanning from January 1, 2017, to February 2, 2021, he allegedly amassed disproportionate assets worth an estimated Rs 2.58 crore.
Agency officials said that these ill-gotten gains were systematically converted into multiple movable and immovable properties. The assets were held not only in Rabari’s own name but also in the name of his wife, Amulben Prashantbhai Rabari.
Following a thorough tracking of the financial trail, the ED’s Ahmedabad Zonal Office moved to secure the properties. The latest attachment order targets immovable properties valued at around Rs 2 crore, which the agency asserts were acquired through the direct utilisation of the illegal funds generated from corrupt activities.
Further investigation into the financial network and potential conduits used to park the illicit wealth is currently underway.
The Directorate of Enforcement (ED) has issued a provisional attachment order attaching assets worth over Rs 2 crore in connection with a high-profile disproportionate assets case involving a porter working at the Ahmedabad Railway station.
The accused, Prashant Baldevbhai Rabari, allegedly amassed a massive fortune running into crores through corrupt and illegal practices.
The federal agency initiated its money laundering investigation based on an FIR previously registered by the Gujarat Police. The police case was filed under various provisions of the Prevention of Corruption Act, 1988, which constitutes a scheduled offence under the Prevention of Money Laundering Act (PMLA), 2002.
According to the ED, an in-depth investigation revealed that Rabari accumulated wealth far beyond his legal and known sources of income while working as a porter. During the specific check period spanning from January 1, 2017, to February 2, 2021, he allegedly amassed disproportionate assets worth an estimated Rs 2.58 crore.
Agency officials said that these ill-gotten gains were systematically converted into multiple movable and immovable properties. The assets were held not only in Rabari’s own name but also in the name of his wife, Amulben Prashantbhai Rabari.
Following a thorough tracking of the financial trail, the ED’s Ahmedabad Zonal Office moved to secure the properties. The latest attachment order targets immovable properties valued at around Rs 2 crore, which the agency asserts were acquired through the direct utilisation of the illegal funds generated from corrupt activities.
Further investigation into the financial network and potential conduits used to park the illicit wealth is currently underway.
