ED arrests RJD man in money laundering case related to ‘illegal’ sand mining

The Enforcement Directorate has arrested Subhash Yadav, a man allegedly linked to RJD, in Patna, Bihar as part of a money laundering probe related to alleged illegal sand mining in the state, official sources said on Sunday.

As part of the ongoing investigation, the central agency on Saturday launched searches at half a dozen premises of Yadav and his associates in the state capital.
Sources said Yadav was arrested late Saturday night and around Rs 2.3 crore in cash was seized from various premises which were raided.

Charged with being a “key syndicate member” of the sand mining racket, Yadav is expected to be produced before a special Prevention of Money Laundering Act (PMLA) court in Patna on Monday. Sources said that he has already contested elections on RJD ticket.
The money laundering case stems from 20 FIRs lodged by Bihar Police against a company called Broadson Commodities Pvt Ltd. Ltd. (BCPL) and its directors are alleged to have been engaged in illegal mining and sale of sand without using e-challan.

Last year, the ED had arrested Bihar MLC and JDU leader Radha Charan Sah, his son Kanhaiya Prasad and Broadson Commodities directors Mithilesh Kumar Singh, Baban Singh and Surendra Kumar Jindal in the case and they are currently in jail under judicial custody. Are. Custody.
The agency had filed a charge sheet against him before the special PMLA court in Patna in November 2023.
According to the ED, the alleged sand trade is controlled by a syndicate, which had invested money in the said company and the syndicate earns profits by selling sand illegally, which is nothing but the proceeds of crime.
ED has claimed that crime proceeds of Rs 161 crore were earned in this case.