ED attaches properties around Rs 28 cr of former IAS officer Babu Lal Agarwal

Enforcement Directorate has provisionally attached properties totaling to around 28 crore rupees of former IAS officer Babu Lal Agarwal under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA) in cases related to criminal misconduct and cheating by Public Servant.

The attached assets include Plant and Machinery, balances in bank accounts and Immovable properties of Agarwal and his family members. ED initiated investigations under PMLA on the basis of FIR registered by ACB, Chhattisgarh under sections of Prevention of Corruption Act, 1988 which discloses the disproportionate assets amassed by him and his family members.

The accused Babulal Agrawal was arrested by Enforcement Directorate on the 9th of this month and is in judicial custody till 5th of next month.