Indore, Madhya Pradesh: In a major crackdown, the Enforcement Directorate (ED) has seized assets worth over ₹1.06 crore belonging to Rajesh Parmar, former Assistant Revenue Officer of Indore Municipal Corporation, and his family. The action comes after investigations revealed that Parmar had amassed 175% more wealth than his known income.
Properties Seized
The confiscated assets include a residential house, a plot, a flat, and agricultural land, all acquired under Parmar and his family members’ names. The seizure has been carried out under the Prevention of Money Laundering Act (PMLA), 2002.
Background of the Investigation
The probe was initiated based on an FIR registered by the Economic Offenses Wing (EOW) of Bhopal under the Prevention of Corruption Act. The FIR alleged that Parmar had acquired property far exceeding his declared income during his tenure.
Accumulated Wealth Far Exceeds Declared Income
Investigations revealed that between 2007 and 2022, Parmar accumulated approximately ₹1.66 crore in assets, nearly 175% more than his declared earnings. The ED has flagged ₹1.21 crore as suspicious and illegal income.
Failure to Produce Legitimate Documents
During interrogation, Parmar and his family were unable to provide valid documentation linking the funds used for property purchases to legal sources. The agency also noted that significant amounts of cash were deposited across multiple bank accounts, later used to acquire properties.
The ED has confirmed that further investigation is underway to trace the sources of illicit wealth and hold all involved accountable.
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