New Delhi, Feb 26 (UNI) The Enforcement Directorate (ED), Panaji Zonal Office, on Thursday said it has attached immovable properties worth Rs 7.17 crore in a money laundering case arising out of narcotics trafficking offences.
The ED initiated an investigation under the Prevention of Money Laundering Act (PMLA) based on a complaint filed by the Narcotics Control Bureau (NCB), Goa, against Ugochukwu Solomon Ubabuko, Infinity John alias David alias Valentine Ejezie, and Prasad Prakash Walke for offences under the Narcotic Drugs and Psychotropic Substances Act (NDPS Act).
The NCB had seized commercial quantities of narcotic substances, including LSD, cocaine, charas, and ganja, from premises located in Assagao, Goa. Subsequent searches at the residential premises of Prasad Walke also led to the recovery of LSD. Walke was earlier arrested by the NCB in 2018 and again by the Anti-Narcotic Cell of Goa Police in 2023 in connection with separate NDPS cases involving the seizure of MDMA, ecstasy powder, and hydroponic weed. He is currently in judicial custody.
The ED investigation revealed that proceeds generated from illicit drug trafficking were introduced into the banking system through substantial cash deposits in multiple bank accounts maintained in the names of Prasad Prakash Walke and Mrs. Sheetal Prasad Walke.
The attached properties, presently valued at Rs 7.17 crore includes a three-storeyed residential house bearing Survey No. 155/10, Assagao, Bardez, Goa;a two-storeyed house bearing Survey No. 182/56, Assagao, Bardez, Goa; and a two-storeyed house bearing Survey No. 182/47, Assagao, Bardez, Goa.
These immovable properties, held in the names of Prasad Prakash Walke and Mrs. Sheetal Prasad Walke, were attached as they constitute proceeds of crime derived from scheduled offences under the NDPS Act.
Further investigation into the matter is ongoing.
