NEW DELHI, Feb 21:
The Enforcement Directorate (ED) announced today that it has seized residential properties valued at approximately Rs 1 crore as part of an investigation into money laundering related to a former CBI Deputy Superintendent of Police.
Rajeev Kumar Rishi, previously a DSP at the Central Bureau of Investigation (CBI), was initially charged by his own department under various sections of the Prevention of Corruption Act, according to the ED’s statement.
The statement claimed that Rishi had amassed “disproportionate” assets totaling Rs 1.44 crore in his name and that of his family members during the period from November 9, 2012, to January 14, 2021. This amount represents a 113.36 percent increase over his legitimate income during that timeframe, as per the ED.
The officer was not immediately reachable for comments regarding the charges brought against him by the ED. (PTI)
The former CBI officer reportedly “utilized” his family members’ bank accounts, including that of his wife, to funnel and integrate “illicit” funds into the purchase of various properties.
According to the ED, the “proceeds of crime” generated by Rishi during his service as a public servant have been hidden within the assets he owns and were also used for personal and family expenses during the specified period.
An order was issued under the Prevention of Money Laundering Act (PMLA) to seize two residential properties valued at Rs 1.05 crore belonging to the officer and his wife, situated in Delhi and Ghaziabad, Uttar Pradesh, the federal agency stated. (PTI)
