The Enforcement Directorate (ED) on Tuesday conducted raids on the premises of Congress MLA Pradeep Yadav and his associates across Jharkhand in connection with a money laundering case.
Several teams of the Enforcement Directorate (ED) were conducting raids at 12 places in Jharkhand capital including the locations of Congress’ Poraiyahat MLA Pradeep Yadav, at Deoghar and other places in State. The raids were conducted at 12 locations across Jharkhand, including four in Ranchi and eight in Deoghar and surrounding areas.
"The ED is investigating the case under the Prevention of Money Laundering Act. The case is related to income tax actions on Pradeep Yadav and others. The Income Tax department had conducted raids a few months ago," informed sources. Already Yadav is on IT radar for tax evasion.
The raids started simultaneously in the morning and continue so far. On November 4, 2022, the income tax department team had raided the locations of Yadav and his close ones. It is said that on the basis of an income tax department report, this raid has been launched.
Other prominent locations of the ED raids besides Yadav’s residence is the house of builder Shiv Kumar Yadav at Cheshire Home Road and Neeraj Singh’s residence at Ratu Road is also being raided.
The five-time legislator from the Poraiyahat seat of Jharkhand is the deputy leader of the party in the state Assembly.
The searches were in connection with an alleged tax evasion probe against groups in coal trading and transportation, execution of civil contracts, extraction of iron ore and production of sponge iron in Jharkhand.
Many close people of Pradeep Yadav are also under the radar of ED. According to the information received, ED is conducting this raid in case of disproportionate assets. Raids are being conducted at the close relatives of Congress MLA Pradeep Yadav. It is being told that on November 4, 2022, a report was prepared after the raid by the Income Tax Department team. The same report was sent to ED on the basis of which ED has conducted this raid today.
Yadav is second Congress MLA who is on ED radar, the Income Tax Department last year raided the premises of Congress MLA Pradeep Yadav as well as Bermo MLA Kumar Jaimangal Singh alias Anoop Singh on 4 November 2022. IT raided Pradeep Yadav's residence in Ranchi and Godda and Anoop Singh's official residence in Bermo and Ranchi. Many people are on target in this raid. It is being said that ED has come with a long wait and full preparation in case of disproportionate assets against Pradeep Yadav.