Miscellaneous

100 ACRES LAND OF TAINTED OFFICER MANDEEP SINGH’S FAMILY ATTACHED BY JALANDHAR ED

The Hush Post, Ludhiana: Jalandhar based zonal unit of enforcement directorate (ED), the law enforcement agency has attached 100 acres land valued at Rs. 2.62 crores  at Chamkaur Sahib and Balachaur belonging to family members of tainted IAS officer Mandeep Singh. Apart from this ED also attached two hotels Marc Royale-I and Marc Royale-II, situated at Zirakpur-Shimla Highway, with a market value around Rs. 91 crore rupees. In its order the agency has stated that these properties were ​purchased and constructed out of proceeds of crime by the IAS officer. The possession of these properties will be taken by ED after the confirmation by the adjudicating authority in Delhi. Speaking on TOI on condition of anonymity, a high ranking official of ED said, “Orders for attaching assets worth Rs. 94 crores belonging retired IAS officer Mandeep Singh were issued yesterday. As of now land measuring 100 acres which is in the name of his family members and two hotels located in a highly commercial area in which he had invested crores of rupees through bogus share holders and an accomplice have been attached by department”

In February Mandeep was arrested by the VB and was granted bail by high court in August. The retired IAS who started his career as PCS officer was appointed as IAS in 1991. Once believed to be very close to the former deputy chief minister Sukhbir Badal, Mandeep was booked by Vigilance Bureau (VB) in August 2015 (three months after his retirement) in a disproportionate assets case. VB in its investigation had concluded that Singh had accumulated assets worth crores in the name of his family members by using money gathered through corruption and misusing his official position during his postings in different departments. Acting upon VB’s report, ED in February,2016 registered a case under Prevention of Money Laundering Act (PMLA) 2002 against him.

During the course of ED’s investigation, it emerged that Mandeep Singh has purchased more than 100 acre of agricultural land in the name of his family members, source of which were not found legitimate during the course of investigation. Further, it was also found that Mandeep Singh had invested around Rs. 3 crore in cash in Hotel Marc Royale in the years 1999-2000 through his front man Avtar Singh. The hotel was being run by Avtar under the ownership of company Ashiana Inn Limited and ED in its investigation had also found that the share holders of said company (Ashiana) were found non-existing and the company has also constructed another hotel on the same location, adjacent to Hotel Marc Royale, in the year 2008-2011, in which also illegitimate funds of more than Rs. 10 crore were invested through bogus share holders by Mandeep Singh and his accomplice Avtar Singh.

Categories: Miscellaneous

Tagged as:

Leave a Reply