March 11, 2023 06:02 pm | Updated 11:30 pm IST - New DelhiThe Enforcement Directorate (ED) on Saturday said that the searches in connection with the land-for-job money laundering case resulted in the detection of “proceeds of crime” currently amounting to ₹600 crore and seized unaccounted cash of ₹1 crore. The ED alleged that although the property had been declared on paper as the office of A. Infosystems Private Limited, it was being exclusively used as residential premises by Mr. Yadav. “Searches resulted in the detection of proceeds of crime amounting to ₹600 crore approximately at this point of time,...in the form of immovable properties of ₹350 crore and transactions of ₹250 crore routed through various ‘ benamidaars’,” it said. “... a major portion of the amount thus received, was transferred to the account of Mr. Tejashwi Prasad Yadav.

Source: The Hindu March 12, 2023 00:04 UTC