Directorate of Enforcement (ED), Indore Sub-zonal Office has provisionally
attached assets worth Rs. 34 Crore (approx.) in connection with the case of “Indore
Municipal Corporation (IMC)” Fake Bills Scam under the provisions of Prevention of
Money Laundering (PMLA), 2002. The attached assets include 43 immovable properties
(both Residential & Agricultural) located in the State of Madhya Pradesh & Uttar Pradesh.
ED initiated investigation based on various FIRs registered by Madhya Pradesh
Police, Indore under various sections of IPC, 1860 in relation to IMC Fake Bills Scam.
ED investigation revealed that various contractors in connivance with IMC officials
hatched criminal conspiracy and generated Proceeds of Crime (POC) by presenting fake
bills of “drainage construction work”, without carrying out any work on the ground, however,
payments to the tune of Rs. 92 Crore were illegally made to the accused contractors. ED
investigation revealed that huge volume of cash was withdrawn directly and indirectly using
mule accounts maintained by the contractors in the name of their employees/ labour and
the said cash was distributed among the accused contractors and Govt. Officials.
Earlier, in the present case, ED carried out search operations at more than 20
locations and seized assets worth more than Rs. 22 Crore along with various incriminating
documents & digital devices.
