ED attaches Rakesh Paul assets worth Rs 1.30 Cr


The Enforcement Directorate (ED), has provisionally Attached 7 immovable properties valued at approximately Rs 1.30 Crore belonging to Rakesh Kumar Paul, the then Chairman of Assam Public Service Commission (APSC) in a corruption case.

The attached properties include two flats at prime location at Saktigarh Path, Guwahati, and one commercial space at Bhangagarh, Guwahati. Movable property in the form of seized Indian Currency of Rs. 10 lakhs recovered from his residence has also been attached.

PMLA investigation in this case was initiated by the Directorate on the basis of FIR registered under Prevention of Corruption Act, 1988 by Assam Police to investigate irregularities related to recruitment of candidates in Government services in Assam through examination conducted by Assam Public Service Commission (APSC).

Investigation by State Police established that Rakesh Kumar Paul along with other accused persons hatched criminal conspiracy and manipulated the system of selection of candidates in APSC in lieu of illegal gratification. 
Investigation under PMLA revealed that accused Rakesh Kumar Paul had invested the illegitimate money in purchasing different various movable and immovable properties in his name and in the name of his family members at different locations in Assam.

Investigation further revealed that Rakesh Kumar Paul purchased the properties at much lower prices as shown in the agreement papers and sale deeds as compared to their market value at the relevant point of time.

The investigation established that the value of the property shown in the sale deeds were hugely suppressed by Rakesh Kumar Paul to launder the proceeds of crime. Accordingly Provisional Attachment Order has been issued attaching movable and immovable assets totalling to Rs. 1.4 crores.
Further investigation is under progress.

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