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Central investigation agency Enforcement Directorate i.e. ED, taking major action in Prayagraj, has temporarily seized six properties worth Rs 2.03 crore. This action has been taken under the Money Laundering Prevention Act.
Prayagraj: Central investigation agency Enforcement Directorate i.e. ED, taking major action in Prayagraj, has temporarily seized six properties worth Rs 2.03 crore. This action has been taken under the Money Laundering Prevention Act. This case is related to Vikas Construction Company of Ghazipur, which was run by Mukhtar Ansari and people close to him. The properties which have been attached are in the name of his close associate Shadab Ahmed and his wife.
ED started investigation through two FIRs
In October 2025, Shadab Ahmed was arrested at Lucknow Airport following a lookout circular issued by the ED. He had returned from Sharjah and the court sent him to judicial custody in a non-bailable warrant case. Later, ED’s Prayagraj team took his custody and started questioning. ED’s investigation is based on two FIRs, which were registered in the police stations of Mau and Ghazipur. Investigation revealed that Vikas Construction occupied government land, built illegal warehouses on it and then gave them on rent to FCI (Food Corporation of India).
Shadab was absconding since 2022
Whatever income is earned from these illegal warehouses in the name of rent and NABARD subsidy is being said to be completely illegal. Till now ED has detected illegal earnings of around Rs 27.72 crore. Shadab Ahmed was absconding since 2022. During interrogation, it was revealed that he played a big role in diverting and hiding illegal earnings of about Rs 10 crore. He owns two companies, Aagaaz Project and Engineering Pvt. Ltd. and Inizio Network Solutions Pvt. Ltd. and was the authorized person to operate the bank accounts. Illegal earnings were forwarded in the name of these companies by pretending to be legitimate transactions, that is, money laundering was done.
Shadab Ahmed got salary of Rs 1.91 crore
In return for helping in money laundering, Shadab Ahmed received Rs 1.91 crore as salary and Rs 74 lakh as interest-free loan with which he purchased these properties. Now ED has attached these properties. This is the fourth attachment order of ED in this case. So far, assets worth Rs 8.43 crore have been seized. The investigation of the case is still going on and ED has indicated that further action may be taken.
