Properties worth Rs. 89 lakh belonging to the former Chief Engineer of Noida, Greater Noida and Yamuna Expressway Industrial Development Authority, Yadav Singh & his family were attached by the Enforcement Directorate (ED) under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.
Yadav Singh was arrested in 2016 for allegedly misusing his official position in awarding contracts and for causing wrongful loss to the government exchequer. An FIR was registered by the CBI against Singh on the basis of which investigation under PMLA, 2002 was initiated. In 2018, the wife of Singh also had to appear before a Ghaziabad court in compliance of legal orders from the Supreme Court as she had two cases against her.
Yadav Singh is being investigated for allegedly illegally allotting money resulting in an undue advantage of Rs 19.92 crore to NKG Infrastructure Ltd, JSP Constructions Pvt Ltd and Tirupati Construction Company. In another case filed by CBI for acquiring disproportionate assets, it was found that Singh’s wife, along with her sister-in-law Vidhya Devi, had formed a trust named as the PGP Trust in order to project the proceeds from the crime as untainted. The attached properties of the PGP trust were in the name of Singh’s PGP Charitable Trust and it included two properties at Kurkunda Mathura, two properties in Jahangirpur Jewar, Gautambudha Nagar, an office premises in Delhi and Rs 4.6 crore cash in bank. Singh’s wife was also one of the trustees. Also, donations were found to be deposited in the account of PGP trust with an equivalent amount in cash being returned in lieu of donations received.
Courtesy/By: Dipsi Soni
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07 Jul 2019
