LUCKNOW: The Enforcement Directorate has assessed the value of the seized property of Babu Singh Kushwaha at Rs 300 crore as opposed to the Rs 60 crore claimed by records.The property of the National Rural Health Mission scam accused former minister was seized on Wednesday and valued at Rs 60 crore by its own records."The properties have been heavily undervalued," said a source in the ED. According to the records of the seized properties, the two flats in Coronation Apartments had been valued at Rs 27 lakh each."The apartments are situated at Golf Club crossing barely 500 meters from the official residence of the chief minister at Kalidas Marg and were purchased only a few years ago. They were worth at least Rs 1.25 crore at the time of purchase as per the market rates of the period," the ED source said. In what is being seen as the first major action in the Rs 5,000-crore NRHM scam, the ED has attached the properties of the former minister in Lucknow, Banda and Noida in UP apart from that in Delhi.Kushwaha was one of the closest confidants of Bahujan Samaj Party (BSP) supremo Mayawati and the minister for family welfare in her cabinet. The ministry was the nodal agency for NRHM.According to the Central Bureau of Investigation, Kushwaha is in the centre of the NRHM scam, involving misuse of funds worth Rs 5,000 crore. The ED came into the picture after the CBI referred the case to the federal agency after evidence that the scam money had crossed Indian borders.The ED will now issue prohibitory orders on these assets. The accused, however, will have the option of approaching the adjudicating authority of the prevention of money laundering act (PMLA) against the actions of the ED within 180 days. The agency has assessed the misuse of government funds worth Rs 10,000 crore.