New Delhi, Feb 3 (UNI) The Enforcement Directorate’s (ED) Indore Sub-Zonal Office today stated that it had attached immovable properties worth Rs 39.91 lakh in the corruption case of Chetan Patil, a former employee of the Indore Municipal Corporation (IMC).
The attachment was made on February 2 (yesterday). The properties, comprising a plot and a residential building, are held in the names of Chetan Patil and his wife, Jyoti Patil.
The ED initiated its investigation under the Prevention of Money Laundering Act (PMLA) based on a First Information Report (FIR) registered by the Economic Offences Wing (EOW) in Indore. The FIR was filed under Sections 7, 13(1)(b), and 13(2) of the Prevention of Corruption Act—offences scheduled under the PMLA. It alleged that Patil accumulated assets worth approximately Rs 1.38 crore, disproportionate to his known sources of income, between July 1998 and April 2023. This amount was grossly disproportionate to his known lawful income of Rs 55.11 lakh.
During the PMLA investigation, it was found that the alleged proceeds of crime were laundered through multiple bank accounts held in Chetan Patil’s name and through a proprietorship firm named ‘Nagrodh Architect Engineers and Infrastructure’, operated by his wife. The firm was found to have no genuine business activity and was allegedly used to route unexplained cash deposits and layer funds. The tainted funds were further utilised to acquire immovable properties, repay housing loans, pay LIC premiums and cover other personal expenditures, indicating a process of placement, layering, and integration of the proceeds of crime.
The provisionally attached properties currently hold a market value exceeding Rs 80 lakh.
Further investigation into the matter is ongoing.
