Sand mining mafia Subhash Yadav, who is understood to be an in depth aide of Rashtriya Janata Dal (RJD) supremo Lalu Prasad Yadav, has been arrested after the Enforcement Directorate (ED) raided his premises in Bihar in connection to a cash laundering case.
On Saturday, the ED raided six premises linked to Subhash Yadav, who can be an RJD chief, in addition to his shut associates concerned in unlawful sand mining.
In the course of the searches, money greater than Rs 2.30 crore and incriminating paperwork have been seized from his residence in Danapur, close to Patna.
Following the marathon raids, Subhash Yadav was arrested late Saturday night time.
The probe company had initiated a Prevention of Cash-Laundering Act (PMLA) investigation primarily based on 20 FIRs registered by the Bihar Police in opposition to M/s Broadsons Commodities Pvt Ltd (BCPL) and its director alleging they engaged in unlawful mining and sale of sand with out utilizing e-challans.
Subhash Yadav is without doubt one of the key syndicate members in BCPL.
Investigations have revealed that proceeds of crime to the tune of Rs 161 crore have been generated by the unlawful sale of sand.
The sale is managed by a syndicate, which invests funds in BCPL.
Earlier, the ED had already arrested syndicate member Radha Charan Sah, his son and administrators of BSPL.
In 2019, Subhash Yadav contested the elections from the Chhatra Lok Sabha seat in Jharkhand on an RJD ticket.
On March 3, he attended the Mahagathbandhan’s ‘Jan Vishwas Maha Rally’ on the Gandhi Maidan in Patna.
His residence was earlier raided by the Revenue Tax Division.