Enforcement Directorate (ED) on Thursday attached the movable and immovable properties valued at Rs 4.21 Crores of Pawapuri Rice Mills, Nalanda involved in fraud in relation to milling of rice at Bihar State Food and Civil Supplies Corporation.
The move comes after a case registered against Dinesh Prasad Gupta, proprietor of the rice mill by the Bihar State Food and Civil Supplies Corporation. The FIR was registered under section 406, 407, 409 and 420 of IPC for defalcation of paddy and loss to the exchequer. The aforementioned rice mill was supposed to return 68 per cent of the rice against the paddy received by them from BSFCSC for milling. As per FIR the suspect firm has not returned 75,293 quintal of rice to BSFCSC, causing a loss of Rs 10.15 crore to the government exchequer. During investigation under Prevention of Money Laundering Act (PMLA), it has come to notice that huge amount of cash was deposited during the financial year 2012-13 and 2013-14 in the firm’s bank accounts, which are now closed. The agreement was executed between the firm and BSFSC in December 2011. During investigation, Dinesh Prasad Gupta and his brother Binesh Prasad Gupta, failed to produce bank book, cash book, party wise ledgers of the firm.
“It has also been revealed that proceeds of crime has been invested in the form of land in the name of Dinesh’s wife and brother. His wife is a home maker but land valued at Rs 52.18 lakhs was purchased in her name, out of proceeds of crime in cash”, the official release said here on Thursday. Binesh Prasad Gupta is getting his two sons higher education, one in medical course in Russia and another in law degree course at Pune, for which he could not substantiate the source for payment of the fee.