Lagatar24 Desk
Ranchi: Investigations by the Anti-Corruption Bureau (ACB) into suspended IAS officer Vinay Chaubey have uncovered fresh layers of alleged illicit wealth, indicating a well-organised, multi-city money laundering network extending beyond a disproportionate assets case.
Assets Spread Across Cities
ACB findings suggest that the proceeds of corruption were not concentrated in one location but distributed across multiple cities and states. After earlier disclosures of three luxury properties in Gurugram, investigators have now identified high-value assets in prime locations of Ranchi, pointing to a deliberate strategy to disperse illicit funds.
Prime Ranchi Properties Under Scanner
The latest probe has flagged two major properties in Ranchi: a valuable land parcel near Hari Om Tower and a luxury 3BHK flat located in Vardhman Compound. Both assets are estimated to be worth several crores and are being treated as proceeds of crime by the agency.
Benami Transactions And Power Of Attorney
Investigators allege that these properties were registered in the name of Chaubey’s brother-in-law, Shipij Trivedi, using power of attorney arrangements. This method, commonly associated with benami transactions, is seen as an attempt to conceal real ownership while retaining actual control with Vinay Chaubey.
ACB Follows The Money Trail
Officials believe the case goes beyond individual corruption and reflects a coordinated money laundering syndicate involving relatives and close associates as fronts. The ACB is now examining bank transactions, registry documents, and financial trails to identify the full extent of the network and establish the role of its alleged mastermind.
