Money Laundering Investigation Targets Suspended IAS Officer and Associate

The Enforcement Directorate launched a series of searches in connection with a high-profile money laundering case in the city. These actions targeted locations linked to Nikant Jain, an alleged middleman for suspended IAS officer Abhishek Prakash.

Sources indicated that four premises, including Jain's residence and offices connected to his business dealings, are under scrutiny. The investigation falls under the Prevention of Money Laundering Act (PMLA) as authorities seek evidence on alleged corrupt practices.

Previously, Jain faced arrest by the Uttar Pradesh Police after accusations emerged of him demanding bribes from investors in the solar sector, reportedly on Prakash's behalf. The probes are continuing as more details come to light about the alleged financial misconduct.

(With inputs from agencies.)