The Enforcement Directorate has provisionally attached properties valued at Rs 2.90 crore of a senior railway divisional engineer, against whom CBI had filed a chargesheet under the Prevention of Corruption Act.
The CBI had earlier charged that railway's senior divisional engineer Vanimisetty Gopala Reddy was in possession of a large number of movable and immovable properties, including cash, bank balances and gold jewellery which were disproportionate to his known source of income, KSVV Prasad, Joint Director of ED's Hyderabad Zonal Office, said today.
Based on the chargesheet, the ED had registered a money laundering case against Reddy and his wife V Naga Surya Padma Sri under Prevention of Money Laundering Act, 2002.
The ED's investigations under PMLA revealed that Gopala Reddy had made large number of investments in the name of his wife and two children, who do not have any known source of income, Prasad said in a statement.
During investigation, the proceeds of crime were identified in the form of bank deposits, shares, gold jewellery and immovable properties, the statement said.
In all, 18 immovable properties valued at Rs 1.23 crore and 44 movable properties of about Rs 1.67 crore (including cash of Rs 73.80 lakh found in their house during the CBI search) were attached vide a provisional attachment order dated January 21.
"The total value of attached properties is about Rs 2.90 crore," Prasad said.
