Lucknow PMLA Court Delivers Verdict: Three Convicted in Bank Fraud Money Laundering Case

The Hon’ble Special Court (PMLA), Lucknow, vide order dated 30.06.2025 has convicted
Saurabh Sahu, Ashwani Kumar and Smt. Mamta Sinha in a PMLA case filed by Directorate
of Enforcement (ED), Lucknow and sentenced them with imprisonment for three years along
with fine of Rs. 50,000/- on each accused.
ED initiated investigation on the basis of FIR registered by CBI, SPE, ACB, Lucknow, UP
against Amar Nath Sahu & Ors for violation of sec. 120B, 420, 467, 468 & 471 of IPC, 1860
and 13(2) r/w 13(1)(d) of PC Act, 1988. In the FIR, it was alleged that Amar Nath Sahu and
other accused has caused loss of Rs. 3.20 Crore (approx.) to the then Allahabad Bank,
Jankipuram Branch, Lucknow during 2004-2006 by sanctioning and disbursing loans in
connivance with borrowers.
ED investigation resulted in attachment of Proceeds of Crime (POC) to the tune of Rs.
16,42,248/- in the form of two immovable properties. The conviction order was pronounced
on 30.06.2025 in the complaint No. 93/2017 titled ED Vs. Amar Nath Sahu & Others filed by
Lucknow Zonal Office on 06.10.2017 arraying Amar Nath Sahu, Saurabh Sahu, Ashwani
Kumar and Smt. Mamta Sinha as accused. Trial against Amar Nath Sahu was abated due
to his death and rest accused persons have been convicted for the offence of money
laundering as defined u/s 3 of PMLA, 2002. These accused have been sentenced for
imprisonment of 3 years and fine of Rs. 50,000/- and additional imprisonment of six month
in case of failure to pay the imposed fine. Further, the attached two immovable properties
were also held to be involved in money laundering and have been ordered for confiscation
in favour of the Central Government.

Thank you for reading this post, don't forget to subscribe!