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ED attaches assets worth Rs 1.3 cr of Rakesh Paul
Staff Reporter

 
 GUWAHATI, June 30 - The Enforcement Directorate (ED) has provisionally attached seven immovable properties valued at approximately Rs 1.30 crore belonging to Rakesh Kumar Paul, the then Chairman of Assam Public Service Commission (APSC) in a corruption case.

The attached properties include two flats at prime location at Saktigarh Path, Guwahati and one commercial space at Bhangagarh. Moveable property in the form of seized Indian currency of Rs 10 lakh recovered from his residence has also been attached.

The investigation in this case was initiated by the Directorate under the Prevention of Money Laundering Act (PMLA) on the basis of FIR registered under Prevention of Corruption Act, 1988 by Assam Police to investigate irregularities related to recruitment of candidates in Government services in Assam through examination conducted by Assam Public Service Commission (APSC). Investigation by Assam Police established that Rakesh Kumar Paul along with other accused persons hatched criminal conspiracy and manipulated the system of selection of candidates in APSC in lieu of illegal gratification.

Investigation under PMLA revealed that accused Rakesh Kumar Paul had invested his ill-gotten money in purchasing different movable and immovable properties in his name and in the name of his family members at different locations in Assam. Investigation further revealed that Rakesh Kumar Paul purchased the properties at much lower prices as shown in the agreement papers and sale deeds as compared to their market value at the relevant point of time. The investigation established that the value of the property shown in the sale deeds was suppressed by Rakesh Kumar Paul to launder the proceeds of crime.

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