Land for Job Scam: ED Raids at Various Locations Over India

New Delhi: The Enforcement Directorate conducted searches at 24 locations in Delhi NCR, Patna, Mumbai and Ranchi in the Railways Land for Job Scam.

According to the Agency, during the searches, it recovered unaccounted cash of Rs one crore, foreign currency including USD 1900, 540 grams gold bullion and more than 1.5 kilograms of gold jewellery worth Rs one crore 25 lacks.

The agency said, it has also recovered several other incriminating documents including various property documents, sale deeds held in the names of family members and benamidaars indicating illegal accretion of huge land banks and electronic devices.

An official press release said the searches resulted in the detection of Proceeds of Crime amounting to Rs 600 crore approximately. It said, the investigation conducted so far has revealed that several pieces of land at prominent locations in Patna and other areas were illegally acquired by the family of the then Rail Minister Lalu Prasad Yadav in lieu of jobs provided in Railways.

The current market value of these land parcels is more than Rs 200 crore, it added. The agency said the investigation revealed that the property situated in Delhi, registered in the name of M/s A B Exports Private Limited, a company owned and controlled by Tejashwi Prasad Yadav and his family was shown to have been acquired at a value of only Rs four lakhs. It said the present market value of this property is approximately Rs 150 crore.