ED attaches property worth Rs 1.17 Cr in money laundering case

HYDERABAD: The Enforcement Directorate (ED) has attached various immovable properties amounting to Rs. 94.44 lakh and movable properties amounting to Rs. 23.20 lakh (in form of bank balances) with a combined total of Rs. 1.17 crore belonging to Molugu Vijay Kumar, Joint Director Boilers Department, Government of Telangana and his family members, under the provisions of PMLA, 2002.

ED initiated an investigation based on the First Information Report registered by the CIU, ACB, Hyderabad under the Prevention of Corruption Act 1988, against Molugu Vijay Kumar who was holding additional charge of Director of Boilers, Hyderabad in 2016.

In 2016, Anti-Corruption Bureau officials raided and recovered assets worth more than Rs 12 crore at the houses of Vijay Kumar at Begumpet and Kavuri Hills, his office at Nallakunta, his son’s office, Divya Shakthi Softtech at Sanjeeva Reddy Nagar, and residences of relatives at Kothapet.

ED investigation revealed that Molugu Vijay Kumar laundered the ill-gotten money projecting the same as business income of his family members and as hand loans received from various persons