The Enforcement Directorate (ED) has filed a chargesheet against former Chhattisgarh cadre IAS officer Babulal Agrawal in a money laundering case involving attachment of properties worth about Rs 64 crore.
Besides Agrawal, his brothers Ashok Kumar Agrawal and Pawan Kumar Agrawal, who are also Directors of Prime Ispat Ltd, Raipur, Sunil Agrawal (Chartered Accountant) and others were charged by the ED under Prevention of Money Laundering Act in a case relating to corruption, cheating and forgery.
The ED initiated investigations under PMLA on the basis of FIR registered by ACB, Chhattisgarh under provisions of Prevention of Corruption Act, 1988 which discloses the disproportionate assets amassed by Babulal Agrawal and his family members, pursuant to search action conducted by the Income Tax Department in February 2010 at their premises as also that of the CA.
Besides the action by the ACB, Chhattisgarh, three more FIRs were registered and followed up with chargesheets by the CBI against Babulal Agrawal and others. These FIRs were registered under Indian Penal Code Sections relating to criminal conspiracy, cheating, impersonation, forgery and using forged documents as genuine also violations under the Prevention of Corruption Act.