Property of accused in Vyapam scam attached

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In an important move, the Enforcement Directorate (ED) finally attached the property of the main accused in the Vyapam scam, Jagdish Sagar, here on Monday. The total value of the property attached has been estimated at Rs 20 crore.

 The ED had attached his property on an interim basis on March 31 this year. However, a final attachment of the property was delayed as the case was sub judice with the Enforcement Directorate Tribunal.

The Tribunal gave its concurrence for attachment of Sagar's property on Monday. With this order, other movable and immovable property of Sagar including his Mercedez car, Fortuner and Safari vehicles, his houses at Indore and Gwalior, land and three kg of gold have been attached by the ED.

 The property of Sagar which have been attached include his two houses in Scheme No 94 and a plot in Indore, one house in Gwalior, 20 acres of land in Bhind and Gwalior, three luxury cars, 3 kg of gold and a cash of Rs 19 lakh recovered from his house.

The Enforcement Directorate in its report submitted before the Tribunal said that Dr Sagar had earned a sum of Rs 3.40 crore between 2008 and 2013 and accordingly had accumulated assets further out of this money. All the property are jointly in the names of Jagdish Sagar and his wife Sunita Sagar.

 Sagar, the kingpin of Vyapam scam, was been arrested by the crime branch of Indore police in July 2013 from a Mumbai hotel.

 Soon after his arrest, the police had raided his Indore house and had recovered cash of Rs 13 lakh stashed in his bed. Among other things police had also recovered a currency counting machine, 40 carats of diamond jewelleries, designer sword, foreign made gun, over 100 live cartridges and bottles of foreign made liquor from his house wherein

Daily Pioneer
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