Latest news with #VikasConstruction
Time of India
7 days ago
- Business
- Time of India
ED attaches Rs 4.18cr properties related to Mukhtar Ansari
1 2 Lucknow: The Allahabad sub-zonal office of ED has issued a provisional order to attach six immovable properties worth Rs 4.18 crore in connection with a money laundering investigation linked to the late gangster-politician Mukhtar Ansari and his associates. The attached properties — belonging to Spectrum Infraservices Private Limited (a company owned and controlled by former Ghosi MP Atul Rai) and Jitender Sapra — include one residential apartment in New Delhi, three residential plots in Varanasi, and two agricultural land parcels in Ghazipur. The action was taken under the provisions of the PMLA, 2002. The ED investigation stems from an FIR registered in Mau district. According to the FIR, Vikas Construction—controlled by the late Mukhtar Ansari—illegally encroached on govt land in Raini village, Mau, where a godown was constructed. The ED found that Vikas Construction was operated under the influence of Mukhtar Ansari, with his relatives and close aides, including Atif Raza, as key stakeholders. Further financial tracing revealed that approximately Rs 8.49 crore of the POC was routed through companies owned by Ansari's network. These funds were layered into the banking system under the guise of business transactions and then transferred to accounts of firms owned by Atul Rai. With this latest action, the total value of property attached in the case stands at Rs 6.40 crore. The investigation is ongoing.
News18
15-07-2025
- Business
- News18
ED Cracks Down On Mukhtar Ansari's Close Aide Atul Rai, Attaches Properties Worth Rs 4.18 Cr
Last Updated: The ED has attached six properties worth Rs 4.18 crore to Atul Rai, an aide of Mukhtar Ansari, in a money laundering probe. In a big crackdown against Mukhtar Ansari's network, the Enforcement Directorate (ED) has linked six immovable properties worth Rs 4.18 crore to former BSP MP Atul Rai. This move is part of a money laundering investigation into Vikas Construction, a company allegedly controlled by Mukhtar Ansari. The ED's investigation revealed that Vikas Construction, allegedly operated under Mukhtar Ansari's influence, generated funds of crime totaling Rs 27.72 crore. Atul Rai, as a key associate, played a crucial role in layering these illicit funds through various companies. The ED has identified 1 residential apartment in New Delhi, 3 residential plots in Varanasi, and 2 agricultural lands in Ghazipur, valued at Rs 4.18 crore. The agency has also identified proceeds of crime Rs 15 crore earned from renting out godowns to Food Corporation of India, and Rs 3.10 crore subsidy obtained through dubious means. Money Laundering Case Further investigation indicated that approximately Rs 8.49 crore generated from Vikas Construction was deposited into bank accounts of M/s Aaghaz Project and Engineering Pvt. Ltd. and M/s Inizio Network Solution Pvt. Ltd., both companies owned and controlled by Mukhtar Ansari's relatives and aides. These funds were then routed through business accounts, disguising their origins, and transferred to companies owned by Atul Rai. The ED's probe uncovered a complex layering process, where proceeds of crime were transferred to various companies, including M/s Kusumvision Infra Private Limited, M/s Spectrum Infraservices Private Limited, and M/s Kusum Constructions and Telecom Services. The Yogi government has intensified its efforts to curb Mukhtar Ansari's influence, with the ED attaching assets worth crores and arresting nearly 100 accused in his gang. The government has also taken action under the Gangster Act in 75 cases, signaling a strong stance against organised crime. The ED's action against Atul Rai marks a significant step in dismantling Mukhtar Ansari's network. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
