New Delhi:
The Enforcement Directorate on Wednesday mentioned it has hooked up an immovable property value greater than Rs 25 lakh of former Kerala fisheries and ports minister Okay Babu in reference to a cash laundering case towards him.
A provisional order for attaching the property was issued on January 25 underneath the Prevention of Cash Laundering Act (PMLA), the federal company mentioned in an announcement.
The investigation within the case is linked to the possession of alleged disproportionate property.
The ED case stems from an August 2018 FIR of the Kerala Vigilance and Anti-Corruption Bureau (VACB) filed in Ernakulam district.
The company mentioned Okay Babu, being a public servant from July 1, 2007 to Could 31, 2016, acquired property value Rs 25.82 lakh which have been “disproportionate” to his recognized sources of earnings.
That is an offence underneath varied sections of the Prevention of Corruption Act, it mentioned.
Okay Babu “derived/ obtained” the proceeds of crime within the type of movable and immovable properties to the tune of Rs 25.82 lakh, the ED mentioned.
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