webindia123 webindia123.com 23 Jan, 2023 15:15 am

ED attaches 27 immovable assets in Punjab, including 16 linked to drug dealer Gurdeep Rano

In two separate money laundering cases, the Enforcement Directorate (ED) has attached immovable and movable assets worth Rs 7.90 crore in Punjab, the agency said on Monday.

The immovable properties seized included 27 land and buildings belonging to Punjab-based drug dealer Gurdeep Singh Rano having foreign links, a medical shop owner Rajesh Kumar and others named in these cases.The attached assets include 16 immovable properties consisting of land and building in Punjab pertaining to Rano and his family members and 11 immovable properties consisting of land in Punjab pertaining to Kumar and his family members.ED investigation revealed that in both PMLA cases, most of the immovable properties were bought in cash wherein the accused were not able to produce any documentary evidences in support of source of cash."The investigation further revealed that in some cases, cash was deposited in the bank accounts of known persons to layer the proceeds of crime for purchasing immovable properties," officials added.

The properties were attached under the Prevention of Money-laundering Act (PMLA), 2002 in two Narcotic Drugs and Psychotropic Substances (NDPS) cases pertaining to Gurdeep Singh Rano, Rajesh Kumar and others."It was also alleged that said Gurdeep Singh Rano had links with other suspected illicit drugs smugglers, namely Simranjit Singh and Tanvir Bedi, who are residing abroad," said the ED.

Read full story at webindia123.com