Former Minister of Consumer Tax K. Babu accumulated 25.82 GBP Lakh over his well -known revenue sources, which, according to the Directorate, is making money washing.
In his final complaint filed before the court in Kochi, Ed claimed on Wednesday that the leader of Congress had gathered an excess of 49.45 % of his known sources of income and was therefore prosecuted according to the law on money washing. The ED survey came after state vigilance booked the case against him for the accumulation of wealth. The case of vigilance for the accumulation of wealth, which was waiting for a special judgment, Muvattpuzha, was considered a predicate in the case of ED.
Mr. Babu’s income during the evaluation period was estimated as 52.21 ₹ Lakh and expenditure 49.78 ₹ Lakh. The value of moving assets owned by the legislature was estimated as 1.43 GBP Lakh. It was also found to own 63 monarchs of gold and buildings on a 16-cent land. However, Ed claimed that the value of its moving assets increased to 29.68 ₹ to 31 May 2016.
He argued that Mr. Babu had accumulated the wealth that was a decree on crime and therefore committed a crime of money laundering.
Meanwhile, the sources close to Mr. Babu reported that the inspection petition against the release of his petition was released by the court of vigilance in the matter of the accumulation of wealth took place before the High Court in Keraral. The ED case was built on the case of Vigilance, which was under the challenge before the High Court, they said.
Published – March 26, 2025 20:50
