ED, Bhopal has provisionally attached movable/ immovable properties worth Rs. 1.05 Crore [market value of the attached properties is Rs. 2.5 Crore (approx.)] on 30/01/2025 under the provisions of PMLA, 2002 in the case of Deepak Asai, who was working as a Superintending Engineer (In-charge Chief Engineer) in Public Works Department (PWD), Bhopal

Purpose:
The Directorate of Enforcement (ED) has provisionally attached movable and immovable properties worth Rs. 1.05 Crore, with a market value of approximately Rs. 2.5 Crore, under the Prevention of Money Laundering Act (PMLA), 2002 in the case of Deepak Asai, a Superintending Engineer in Public Works Department (PWD), Bhopal.

Effects on Industry:
The provisional attachment of properties by ED is likely to have a significant impact on the construction and real estate industries in Madhya Pradesh and Maharashtra. The attached immovable properties, including residential accommodations and commercial shops, may lead to a decline in property values and potentially disrupt business operations in these regions. Furthermore, the investigation into Deepak Asai’s alleged corruption and money laundering activities may set a precedent for stricter enforcement of anti-corruption laws, influencing corporate governance practices across industries.

Relevant Stakeholders:
The stakeholders affected by this development include:

• Public Works Department (PWD) employees and contractors in Madhya Pradesh and Maharashtra
• Real estate developers and property owners in Bhopal and Bhandara districts
• The public at large, who may be impacted by potential changes to business practices and regulatory enforcement

Next Steps:
The investigation into Deepak Asai’s activities is ongoing, and further actions may include:

• Additional provisional attachments of properties or assets linked to the case
• Prosecution of individuals involved in alleged corruption and money laundering
• Implementation of measures to prevent similar cases in the future