Enforcement Directorate Provisionally Attaches Assets Worth Rs.1.67 Crore of Travelling Inspector

Under the Prevention of Money Laundering Act (PMLA), 2002, the Directorate of Enforcement (ED) has provisionally attached assets worth Rs. 1.67 crore in connection with a case filed against Rabi Narayan Rath, Sr. Travelling Inspector (Accounts), East Coast Railway, Bhubaneswar, for possessing assets disproportionate to his known source of income.

The ED launched a money laundering investigation against Rabi Narayan Rath on the basis of a FIR dated 02.02.2021 and a Charge sheet dated 14.12.2021 filed by the CBI, ACB, Bhubaneswar for commission of offences under Section 13(2) read with Section 13(1)(e) and Section 13(1)(e) of the Prevention of Corruption Act, 1988 (as amended in 2018) for possession of disproportionate assets worth Rs. 1.85 crore.

The ED investigation indicated that Rabi Narayan Rath invested his claimed ill-gotten cash, which was in excess of his known sources of income, in acquiring numerous immovable properties and in bank investments in his and his family members’ names.