ED seizes assets worth 27 crores from Former IAS Officer Babulal Agrawal.

ED seizes assets worth 27 crores from Former IAS Officer Babulal Agrawal.

Dispatch News.

Raipur. Former IAS Officer Babulal Agrawal problems are increasing day-by-day. After his arrest, ED has seized assets worth twenty-seven crores. Earlier, the ED had attached some thirty-four crores worth of his property. In a corruption case, ED had arrested former IAS Babulal Agarwal from Raipur on November 9, after which he has been sent to jail in judicial custody till December 5. ED has attached the assets of Babulal Agarwal's plant, machines, bank balance and property of family members as well.

Babulal Agarwal has been booked on more than a dozen different cases, including corruption, fraudulently changing black money to white, bribing the CBI, disproportionate assets case and various other charges. In this case, the ED has not only clamped down on the former IAS Babulal Agarwal, but also on his CA Sunil Agarwal and his brother Ashok Agarwal, and Pawan Agarwal is also facing serious charges.

The accused used the name of about 400 villagers of Kharora and opened fake accounts for money laundering. The accused also had thirteen bogus companies. Around twenty-six crores sixteen-lakhs worth of machines and plant, twenty-lakhs from two-hundred-ninety-one bank accounts was seized by the ED this time.