How long will Upendra Rai keep his silence? ED attaches many of his real estate properties all over the country.

Fixer-cum-Editor Upendra Rai’s ill-gotten assets of Rs.27 crores-worth assets including many bungalows, flats, high-end cars were attached by the Enforcement Directorate (ED) on Wednesday. According to the detailed statement issued by the ED, it has taken custody of the posh homes, flats and Penthouses in New Delhi, Greater Kailash, Noida and Lucknow. The actual value of these properties is expected to be more than Rs.100 crores, say real estate consultants.

“The attached assets include high-end cars, flats, and investments in mutual funds and bank deposits,” said ED officials. A provisional order for attachment has been issued against Rai and others under the Prevention of Money Laundering Act (PMLA), senior officials said adding the total value of the properties is Rs 26.65 crores.

As per the ED’s statement, a three-storied posh bungalow C-24, Greater Kailash -1, Flat No: 104 of Arihant Paradiso in Noida, a Penthouse in Saraswati Apartments in Lucknow, Flat No: D9 in Shalimar Imperial in Lucknow, Flat No: 801 in Ashadeep at Hailey Road in New Delhi and Flat No: 368 at Jalvayu Vihar in Noida are the attached buildings of the fixer and extortionist Upendra Rai.

Rai was arrested on June 8 by the Enforcement Directorate under the PMLA at the Tihar Jail here, moments after he secured bail in a Central Bureau of Investigation (CBI) case related to alleged extortion and dubious financial transactions.

Before that, he was arrested by the CBI on May 3 for allegedly indulging in dubious financial transactions, getting an airport access pass made by the Bureau of Civil Aviation Security (BCAS) by furnishing false information, alleged extortion, and manipulation of an Income Tax Department case against a Mumbai-bound businessman.

In its First Information Report (FIR), the CBI has alleged that going by the value of transactions of over Rs.1 lakh each during 2017, Rai’s accounts received Rs.79 crores while Rs.78.51 crores were debited from it during the period.

PGurus had exposed the assets of tainted Upendra Rai through a series of reports[1].

References:

[1] Enforcement Directorate also catches Editor-cum-Extortionist Upendra Rai for laundering of more than Rs.100 crores – May 12, 2018, PGurus.com