Directorate of Enforcement (ED), Indore Sub-zonal Office has provisionally attached assets worth Rs 34 Crore (approx.) in connection with the case of “Indore Municipal Corporation (IMC)” Fake Bills Scam under the provisions of Prevention of Money Laundering (PMLA), 2002. The attached assets include 43 immovable properties (both Residential & Agricultural) located in the State of Madhya Pradesh & Uttar Pradesh.
ED initiated investigation based on various FIRs registered by Madhya Pradesh Police, Indore under various sections of IPC, 1860 in relation to IMC Fake Bills Scam.
ED investigation revealed that various contractors in connivance with IMC officials hatched criminal conspiracy and generated Proceeds of Crime (POC) by presenting fake bills of “drainage construction work”, without carrying out any work on the ground, however, payments to the tune of Rs 92 Crore were illegally made to the accused contractors.
ED investigation revealed that huge volume of cash was withdrawn directly and indirectly using mule accounts maintained by the contractors in the name of their employees/ labour and the said cash was distributed among the accused contractors and Govt. Officials.
Earlier, in the present case, ED carried out search operations at more than 20 locations and seized assets worth more than Rs. 22 Crore along with various incriminating documents & digital devices. Further investigation is under progress.
