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Money Laundering Case: Property of Ex-project director of Manipur government attached, ED takes action

Pankaj Prasad
Money Laundering Case Property of Ex project director of Manipur government attached
Money Laundering Case Property of Ex project director of Manipur government attached

The money laundering case pertains to an FIR registered in September 2017 by Manipur Police against MDS officials and others for misappropriating MDS funds of over Rs 169 crore.

Enforcement Directorate has taken action against the former Project Director of Manipur Government. Enforcement Directorate (ED) officials informed about this action on Monday. ED officials said the assets of a former project director in the Manipur government have been attached under the Anti-Money Laundering Act in a case related to alleged embezzlement of government funds. 

The ED also issued a statement regarding its action. In this statement, he said that six immovable properties worth Rs 3.04 crore and Rs 8.20 lakh deposited in the bank accounts of Y Ningthem Singh, a former project director of Manipur Development Society (MDS), have been temporarily transferred under sections of the Prevention of Money Laundering Act (PMLA). attached to. 

Significantly, this money laundering case pertains to an FIR registered by Manipur Police in September 2017 against MDS officers and others for misappropriating MDS funds of over Rs 169 crore. The ED has alleged that Y Ningthem Singh, in connivance with his associates, embezzled and siphoned off a large amount of money from the MDS account. All of them had transferred this embezzled money to different shell firm accounts and accounts of other personal and associates. Not only this, the Central Investigation Agency also told that Y Ningthem Singh and his associates have also bought many properties at different places. 

The ED had sealed 11 bank accounts in this case in the month of November. There was a balance of Rs 41,53,489 in those accounts.