You are here: Home » Current Affairs » News
Business Standard

ED raids premises of former Odisha MLA Jitendra Patnaik, seizes Rs 70 lakh

Patnaik has allegedly derived undue pecuniary advantage by way of illegal mining without necessary statutory approvals

Topics
Enforcement Directorate | Odisha  | Bhubaneswar

ANI 

ED's scope of probe under PMLA increased 2.5 times in six years

Enforcement directorate Photo: Agencies

The (ED) carried out search operations at various offices and residential premises of former MLA of Champua Constituency Jitendra Nath Patnaik and related entities at Joda in Keonjhar district and under Prevention of Money Laundering Act (PMLA), 2002 and seized Rs 70 lakh cash and Rs 133.17 crore fixed deposits in an illegal mining case.

Patnaik has allegedly derived undue pecuniary advantage by way of illegal mining without necessary statutory approvals.

"A seizure of cash amounting to Rs 70 lakh and 124 Nos of fixed deposits amounting to Rs 133.17 crore have been made during the search operations along with a seizure of various incriminating documents and digital evidences," the investigating agency said.

ED initiated a money-laundering investigation on the basis of the FIR and Chargesheet filed by the State Vigilance Cell of against Jitendra Nath Patnaik and others.

As per the charge sheet filed by the State Vigilance, the accused indulged into illegal mining for a long period causing a huge loss to the Government Exchequer which amounts to be more than Rs 130 crore. "Thus, ED has been able to recover the almost entire amount of proceeds of crime," it added.

Further investigation is under progress.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, May 12 2022. 15:16 IST
RECOMMENDED FOR YOU