ED provisionally attached Assets worth Rs.24.01 Crore belong to District Revenue Officer in Money Laundering Case

The Directorate of Enforcement (ED) has provisionally attached assets worth Rs.24.01 Crore belonging to Naresh Kumar Sheokand, erstwhile District Revenue Officer (DRO) of Panchkula, Haryana, and others under the provisions of Prevention of Money Laundering Act (PMLA), 2002 in the case of embezzlement of NHAI and HSIIDC funds.

ED launched an investigation based on a FIR filed by the State Vigilance Bureau of Haryana and the CBI in New Delhi against Naresh Kumar Sheokand and others under various sections of the Indian Penal Code, 1860, and the Prevention of Corruption Act, 1988, for criminal conspiracy, cheating, forgery, and criminal misconduct by a public servant.

ED investigation revealed that Naresh Kumar Sheokand, in connivance with other private persons fraudulently transferred NHAI and HSIIDC funds meant for acquisition of land to ineligible persons causing wrongful loss to the exchequer to the tune of Rs.37.89 Crore.

The ED investigation also revealed that these funds, which were the proceeds of crime, were transferred to various bank accounts, withdrawn in cash, invested in business, and used for purchase of various properties. As a result, the movable and immovable properties are Naresh Kumar owns a property worth Rs.24.01 crore in Haryana, Delhi, and Uttar Pradesh. Sheokand and others have been attached in accordance with the provisions of the PMLA, 2002.

Previously, the ED attached and confirmed properties worth Rs.2.42 crore belonging to Naresh Kumar Sheokand and Shamshad. To date, the total attachment in this case is Rs.26.43 Crore. In addition, Naresh Kumar Sheokand and Chandra Shekhar have been arrested and are currently in Judicial Custody in this case.