asset confiscation
Former IAS Officer Gets 5-Year Sentence in Rs 1.20 Crore Money Laundering Case
Dec 07, 2025 07:06 pm CST
Former IAS officer Pradeep Sharma has been sentenced to 5 years imprisonment and fined Rs 50,000 in two money laundering cases. As Kutch District Collector, he illegally allocated government land at undervalued rates, causing a Rs 1.20 crore loss. The court rejected concurrent sentencing and ordered confiscation of assets worth Rs 1.32 crore previously attached by the Enforcement Directorate.
Former Kutch Collector Sentenced to Five Years in Prison for Land Allocation Fraud
Dec 07, 2025 02:51 pm CST
Former Bhuj District Collector Pradeep Nirankarnath Sharma has been sentenced to five years of rigorous imprisonment by a Special PMLA Court for orchestrating a government land allotment scam. Between 2003-2006, he undervalued land allocated to Welspun India Limited, causing losses exceeding Rs 1.20 crore to the State treasury. The court has ordered confiscation of assets acquired through proceeds of crime.
ED Attaches Rs 264 Crore Assets From Shine City Group in Major Real Estate Fraud Case
Dec 04, 2025 08:22 pm CST
The Enforcement Directorate has declared Shine City Group founder Rashid Naseem a Fugitive Economic Offender, confiscating properties worth Rs 127.98 crore in a major real estate scam. After investigating 550+ FIRs, authorities have attached assets worth Rs 264.10 crore and are processing claims from over 6,500 victims who were defrauded through fake investment schemes.