Lucknow, 08 July (HS): The Enforcement Directorate searched
various sites in Uttar Pradesh on Wednesday as part of a money laundering probe
into a former Samajwadi Party MLA and his associates, authorities said. They
stated that action had been taken against Deep Narayan Singh Yadav, a former
legislator from Jhansi's Garautha assembly constituency. The ED raided
locations in Jhansi and Lucknow under the Prevention of Money Laundering Act
(PMLA), according to officials.
The money laundering inquiry is the result of a FIR filed by the Uttar Pradesh
Vigilance Bureau against the ex-MLA for suspected ownership of excessive
assets, among 23 other charges. According to the officials, a preliminary
investigation discovered the creation and laundering of criminal funds through
a network of companies and LLPs involved in real estate, construction, and
other enterprises.
Hindusthan Samachar / Abhishek Awasthi