Close Aide of RJD Chief Lalu Prasad Yadav Arrested in Money Laundering Probe

Close Aide of RJD Chief Lalu Prasad Yadav Arrested in Money Laundering Probe

VoM News Desk | March 10, 2024 | 11:27 AM IST | Breaking News, Politics | Follow on Google News

Close Aide of RJD Chief Lalu Prasad Yadav Arrested in Money Laundering Probe

Close Aide of RJD Chief Lalu Prasad Yadav Arrested in Money Laundering Probe

Subhash Yadav, a close aide of RJD chief Lalu Prasad Yadav, was arrested by the Enforcement Directorate (ED) in connection with an ongoing money laundering probe related to alleged illegal sand mining. The arrest followed raids at several locations in Bihar’s Patna, revealing substantial cash and incriminating documents. Subhash Yadav, a prominent sand trader and director of Broadson Construction Pvt Ltd, faces charges of running an illegal sand mining business. The ED’s actions are part of investigations initiated based on FIRs filed by the Bihar Police, addressing financial transactions and tax evasion concerns.

ED Arrests Subhash Yadav in Illegal Sand Mining Money Laundering Case

Subhash Yadav, a close aide of Lalu Prasad Yadav, has been arrested by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA) in connection with an illegal sand mining money laundering case. The arrest follows raids in Patna, where cash exceeding 2.30 crores and incriminating documents were seized. Subhash, known for his involvement in the sand mining business in Bihar, is the Director of Broadson Construction Pvt Ltd. The case originated from FIRs filed by the Bihar Police, and Subhash’s arrest is part of the ED’s efforts to address financial irregularities in the sector.

ED’s Ongoing Probe Uncovers Money Laundering in Sand Mining Business

Subhash Yadav’s arrest by the Enforcement Directorate (ED) is a significant development in the ongoing investigation into money laundering related to illegal sand mining. Raids at his Patna residence and other locations resulted in the seizure of substantial cash and documents. Subhash, a key figure in the sand mining business, faces allegations of financial misconduct and involvement in illegal activities. The ED’s proactive measures aim to curb money laundering and bring individuals connected to such practices to justice, contributing to the broader efforts against illicit financial activities in Bihar.

VoM News Desk

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